PTA price | Yarns and Fibers

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Polyester pricing may see hikes in April and May, but fall later

Nitin Madkaikar

Related Keywords: ethylene price, MEG price, monoethlene glycol price, paraxylene price, polyester fiber price, polyester fibre price, Polyester filament prices, PTA price, purified terephthalic acid price, textile price forecast

Everything in synthetic fibre markets, especially polyester, has been revolving around crude oil price, and hence the US$. The first signs of policy change in US, expectation of a hike in interest rates, have led to a flight to the US$, supported by other currencies being devalued. And with world powers reaching a framework agreement with Iran to curtail its nuclear program, the stage has been set to end the sanctions that have restrained Iran’s exports.

Polyester pricing moderates across the value chain

Nitin Madkaikar

Related Keywords: DTY price, ethylene price, MEG price, mono ethylene glycol price, paraxylene price, pfy price, polyester fibre price, polyester filament price, Polyester prices, polyester yarn price, POY price, psf price, PTA price, purified terephthalic acid price

In the week ended 20 March, prices of polyester chain moderated a bit after generally rising earlier on cost support. While crude oil prices were up as US$ weakened on US interest hike uncertainty, Greece issue and report of a new four-year low in the number of rigs drilling oil in US, the impact was otherwise on the downstream derivatives. US crude jumped 4 per cent week end and European Brent snapped two straight weeks of losses as Iran struggled to reach a nuclear deal with world powers.

Falling crude triggers cost reduction in raw materials for making polyester

Nitin Madkaikar

Related Keywords: crude oil prices, ethylene price, MEG price, mono ethylene glycol, naphtha price, paraxylene price, polyester chip, polyester fiber, polyester filament, Polyester prices, polyester spun, polyester yarn, PTA price, Purified terephthalic acid

In the week ended 5 September, crude oil prices climbed more than US$2 early in the week as the markets bounced off several month lows hit in the previous week. Also prospects for peace in CIS and a strong US data raised demand expectations. Weaker US$ and expectations of a decline in US crude stocks also supported prices. However, the oil complex settled lower on the week after a ceasefire agreement in Ukraine helped minimize risk premium, while concerns remain over the impact of Russian sanctions on European demand.

Feedstock still supporting polyester chain, but for how long?

Nitin Madkaikar

Related Keywords: paraxylene price, polyester fibre price, Polyester prices, PTA price

Feedstock paraxylene markets will continue to support downstream polyester segment for some time since more and more PTA capacity will come on stream while paraxylene supplies will remain short until new capacities come on line. Q3 and early Q4 will see demand from PTA for paraxylene firming rapidly. PET or polyethylene will drive the markets while textile filament will remain subdued. However, poor demand for polyester fibre is likely to weaken further in coming few weeks until prices stabilize at low level. This poor show will emanate from low cotton prices.

PTA, MEG prices surge as producer's maneuver production

Nitin Madkaikar

Related Keywords: ethylene price, MEG price, paraxylene price, Polyester price, PTA price, yarnsandfiber, YNFX

Asian purified terephthalic acid and mono ethylene glycol prices, both raw materials for making polyester, have started roaring their heads once again after hovering below US$950 a ton mark since late March. This time, while the market is yet to see buoyancy, producers’ move to cut operating rate to support prices have come to play.

Bullish feedstock sparks polyester chain, PTA-MEG rises further

Nitin Madkaikar

Related Keywords: ethylene price, MEG price, paraxylene price, polyester fiber price, polyester filament price, Polyester prices, PSF, PTA price

Asian ethylene markets were on the bullish note in the week ended 23 May as spot supplies tightened amid a lack of regional supply, supporting prices to rise. The markers rose US$12 a ton CFR Northeast Asia while South Korea marker was up US$5 a ton. Meanwhile European spot ethylene market tracked increase in naphtha values and ended at a six-week high, up Euro12.50 a ton FD NWE on the week. In US, spot ethylene prices recovered US cent 0.75 per pound despite thin trade while the market discussed producers preparing for third-quarter turn around.

Rising in paraxylene prices did not help polyester fibre

Nitin Madkaikar

Related Keywords: ethylene price, MEG price, paraxylene price, Pet price, polyester chip price, polyester fibre price, polyester filament price, PTA price

Demand for paraxylene has apparently rebounded a bit in the week of 21 March and prices were up in Asian markets. Hwever, in Europe paraxylene spot price was assessed down as the market was in bad shape, no demand and prices low. Purified terephthalic acid, a derivative of paraxylene, saw prices rising in Asia amid operating rate cuts by Chinese PTA producers and cost support. The markets warmed up a little and offers for cargoes were maintained above previous week’s level. In Europe, production rates for PTA increased recently, but were still low as demand remained weak.

Polyester chain prices seen crashing down rapidly last week

Nitin Madkaikar

Related Keywords: ethylene price, MEG price, mono ethylene glycol price, paraxylene price, polyester filament price, Polyester price, polyester staple price, PTA price, purified terephthalic acid price, spun polyester price

As bearish sentiments continue to cast dark covering over the entire chemical fiber industry, prices of most varieties are hitting 11-year low. Producers are caught in great losses and the downtrend is predicted to extend for some more time. For immediate relief, manufacturers may successively start cutting production or plan turnarounds forcing supply tightness to support prices.

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