In China, 1.4D PSF was up US cents 12 a kg in December. In India, 1.2D PSF prices were up US cents 6 a kg from previous month. In Pakistan, prices in Karachi were up US cents 4 a kg on the month.
Polyester staple fibre prices extended an uptrend in China as MEG prices moved up sharply. Polyester staple fibre prices moved up also because OPEC and non-OPEC members had agreed to cut oil production, supporting polyester raw materials prices to hike significantly.
In China, POY 75/72 prices in December were up US cents 13 a kg on the month in Shengze while Indian POY 130/34 prices were up US cents 3 a kg on the month. In Pakistan, 300/96 DTY prices were up US cent 1 per pound on the month.
Polyester filament yarn makers in China hiked offers in December, seeing buyers maintain healthy demand when prices were rising.
In India, POY offers climbed during the month, although trading atmosphere was lusterless, as downstream buying enthusiasm was quiet.
In China, POY offers in Shengze were up US cents 5-6 a kg in the second week of December. In Shengze, 150/96 FDYs offers were up US cents 6 a kg, while 50/24 FDY were up US cents 18 a kg on the week.
Polyester filament yarn markets rallied significantly in China and India taking cue also saw prices rise in domestic market. With both crude oil and PTA futures rallying and MEG surging PFY makers maintained offers stable to firm though spot trades slowed down from later in the week.
Asian PTA prices gained US$13 a ton CFR China and CFR Southeast Asia in the second week of December. In China, offers for nearby-month goods surged US$10 a ton on the week.
Yisheng Petrochemical raised its selling price by US$12 a ton while Hengli Petrochemical offers were up US$10 a ton.
Asian PTA prices were up US$8-9 a ton CFR China and CFR Southeast Asia marker in the first week of December. In China, offers for nearby-month goods were kept steady during the week.
Yisheng Petrochemical raised its selling price by US$5 a ton while Hengli Petrochemical also hiked US$5 a ton during the week.
Purified terephthalic acid prices rose in Asian markets on bullish futures and rising feedstock paraxylene cost. In China, domestic PTA market moved up followed by correction that week.
Asian PTA prices inched up US$4 a ton CFR China and CFR Southeast Asia in the last week of November. Purified terephthalic acid prices inched up in China on the week while they were stable in other Asian markets.
In India, domestic polymer and polyester demand was been hit since the government's demonetization policy sparked a drop in retail goods sales, impacting converters and the traders who supply them.
Asian PTA prices inched up US$3 a ton CFR China and CFR Southeast Asia in the fourth week of November. In China, PTA prices surged about US$5 a ton in the second half of that week.
Purified terephthalic acid markets were mixed amid higher upstream prices and sluggish demand. In India, polyester demand was been by government's demonetization policy, sparking drop in retail sales, impacting converters and the traders who supply them. In China, PTA market moved up in a notable range as futures market picked up with an increase on the position.
Asian PTA prices were down US$9 a ton CFR China and CFR Southeast Asia in the third week of November. In China, offers for nearby-month goods values were slightly down from last week.
Purified terephthalic acid prices weakened in Asian markets on tepid and weaker futures pushed Chinese prices lower. Trade activities were thin. In China, the previous week’s uptrend did not continue into that week. Domestic PTA market was affected by the huge changes on PTA futures, which returned to the same level as before market prices moved up.
Asian PTA markers retreated US$8 a ton CFR China in the first week of November while CFR Southeast Asia marker was down US$5 a ton. The CFR India marker was down US$6 a ton.
Purified terephthalic acid prices in Asian fell US$5-8 a ton on the week as upstream paraxylene markets remained under weak fluctuation that week with Indian Reliance starting up its new unit. Thus, PTA markets retreated after rushing high early that week.
Asian PTA markers fell US$4 a ton CFR China and CFR Southeast Asia in the third week of October. Purified terephthalic acid prices edged down amid volatility in futures market despite active trading in Chinese domestic market. End-users were seeking goods to meet year-end demand.
In China, offers for nearby-month goods were range bound on the week. PTA market was relatively quiet in H1 of the week as PTA futures values inched up, while the trading atmosphere in spot waned since polyester producers showed weak interest to buy high-priced goods.
