Polyester staple fibre (PSF) prices in China jumped at the beginning of July but plummeted towards the end of the month due to a decrease in demand. In India, PSF producers increased their offers for the month, however trading activity was passable. In Pakistan, prices rose sharply during the month. In China, 1.4D PSF was up US cents 5 a kg as compared to June. In India, 1.2D PSF prices rose US cents 2 a kg from last month. In Pakistan, prices in Karachi were up US cents 6 a kg on the month.
Polyester, nylon markets on bullish trend
Polyester chain (ethylene, PTA, MEG, PET chips, PSF, PFY) prices in Asia rose in the week ended 5th July 2019 on healthy trading activity, despite slightly weaker upstream crude oil prices. However, polyester feedstock, paraxylene markets declined amid expanding capacities and soft demand.
Nylon or polyamide markets in Asia surged on limited availability and picking up buying sentiment during the week. Demand from the downstream plants improved this week.
Courtesy: Weekly PriceWatch Report
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Polyester, nylon prices face downward pressure
Asian polyester intermediates, PTA and MEG, prices were pulled down in last week of May 2019 due to bearish downstream sentiment. Feedstock polyester prices were also not supportive and declined during the week, despite buoyant energy prices. PET chip prices plunged amid weak demand.
Nylon or polyamide chip prices continued the downtrend amid sharp falls in CPL markets during the week. Nylon filament yarn prices also edged down on subdued trading.
Courtesy: Weekly PriceWatch Report
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Polyester intermediates and feedstock markets stable-to-up
In China, semi-dull polyester chip (or PET) offers were mostly stable in the second week of February as downstream buyers were slowly resuming operations in the week. Markets were also cautious due to increasing supply recently. Further, many PET chip producers restarted their plants already which lead to more supply in the market. On the contrary, downstream mills were taking time to resume.
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Polyester fibre and yarn prices remain firm after the Spring Festival
Polyester staple fibre (PSF) prices were range-bound in the Asian markets of China, India and Pakistan after the Lunar New Year holidays. PSF offers in China were kept firm in the second week of February underpinned by stable polyester chip markets. Market sentiment was largely quiet after the holiday week while PSF producers were slowly restarting their units later in the week. Market supply is expected to increase due to plant restarts and new start-ups. Overall, PSF offers are expected to soften in coming weeks due to increased supply.
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Polyester chain: Fibre and yarn prices firmer amid recovering feedstock markets
Polyester chip (PET) prices in Asia were largely stable in the week ended 18th January 2019 underpinned by bullish PTA and MEG markets during the week. In China, semi dull chip offers were range-bound while buying activity boosted up in the week. In general, supply is expected to decrease a bit amid approaching Spring Festival while some makers postponed to launch maintenance.
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Polyester markets close 2018 on a weak note
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Polyester staple fibre (PSF) prices in December 2018 edged down in China and amid inactive buyers during year-end. In January 2019, producers may schedule turnarounds during the Spring Festival and thus may reduce supply in the market. Prices in India were down US cents 19 this month. In Pakistan, PSF offers were raised and hovered at high levels during the month.
Polyester chip prices rebound in Asia
Polyester chip or PET chip prices in Asia jumped in the week ended 14 December 2018 supported by rising PTA cost while MEG markets fell in the week. Asian marker, FOB Taiwan/Korea for semi-dull continuous spinning fibre grade chip was up US$74 a ton.
In China, semi dull chip offers rose US$18 a ton this week amid active buying sentiment from the downstream markets. Offers for super bright chip was up US$24 a ton on the week while CDP chip offers rose US$10 a ton on the week.
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PTA, MEG prices on downswing in Asian markets
Polyester intermediate, purified terephthalic acid (PTA) prices in Asia fell in the week ended 16 November 2018 in tandem with weak paraxylene cost, however supply was relatively tighter in the week amid plant shutdowns.
The average plant run rate in China fell to 69% in the week. However, China's Honggang Petrochemical is planning to build a second PTA unit with 2.4m tons per year of capacity at its Lianyungang site.
In US, PTA prices were firm in the week. In Europe, PTA prices rolled over during the week.
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Polyester chip producers lower offers amid poor buying interest
Asian marker, FOB Taiwan/Korea for semi-dull continuous spinning fibre grade chip fell US$67 a ton in the week ended 26 October 2018. In China, semi dull chip offers was also down US$67 a ton as compared to last week while offers for super bright chip fell US$89 a ton on the week. CDP chip offers declined US$75 a ton on the week.
