By : [email protected]
Asian mono ethylene glycol markets were under correction in the week ended 12 June from its earlier bullish week as players were mulling over the waning polyester demand and reduced operating rates at Chinese polyester and PET makers on feedstock PTA spot prices. Polyester
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Ethylene prices in Asia were assessed up in the week ended 12 April but were flat at week end as sluggish trading continued on Friday. The diverge trend continued between NE and SE Asian markets. Supply expected to rise amid weak demand. Meanwhile Taiwan’s Formosa shut its No. 1
Mumbai
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Spun viscose yarn prices weakened in week two of June in China and India as upstream viscose fibre cost moderated slightly. In China, medium-end VSF price was down US cents 2 to US$2.04-2.06 a kg while
By : [email protected]
Prices of spun polyester yarns in China remained range bound in the week ended 12 June, while the transaction volume remained low. Mainstream offers rolled over previous week’s numbers for 32s while 45s saw moderate transaction. Some yarn makers reduced run rate during the wheat
Mumbai
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The Australian wool markets saw prices lifted over both sale days this week, more than recovering the previous week’s losses. The EMI was quoted up Aus cents 7 to close the week at Aus$12.42 a kg. A weaker Aus$, saw the EMI fall in US$ terms by US cents 20 to close at US$9.80.
Mumbai
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Cotton futures on the ICE fell for the fifth straight session in the week of 22 May, ending their worst week in more than six months as stronger US$ continued to prompt speculator liquidation, though traders noted prices remained locked in a tight trading range. July contract settled down US cents
Mumbai
By : Anonymous
Asian viscose fibre markets witnessed strong downward pressure from both expanding supplies and season lull in downstream textile industry. Thus prices softened partially. In China, bearish stance prevailed in VSF market, given the restarts of Xinjiang Shunquan’s and Aoyang’s units, as well as the upcoming startup of Yibin Grace’s new unit. Downstream yarn makers bought with caution, either
By : Anonymous
Propylene prices fell for the fifth consecutive week in Asian markets losing almost US$75 over the period. The buy-sell gap widened as buying indications were lower than selling ideas at over US$1,000 a ton. In US, spot chemical grade propylene price dropped to a 6-year low as inventories approached 40-month high. Supply snags continued to pressure European propylene prices as unusual number of outages tightened supply. Asian propylene markers were down US$25-34 a ton
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Asian ethylene prices stayed flat amid weak PE market and turnarounds. Polyethylene prices were seen softening on a combination of weaker LLDPE futures, tapering agricultural demand and falling domestic prices in China. In Europe, ethylene spot also remained flat as market awaited production restarts. In US, ethylene spot slipped after restarts of two US Gulf Coast producers’ plants while
Mumbai
By : [email protected]
Benzene markets tumbled across regions and prices plunged sharply in Asia on weak demand amid excess supplies. The arbitrage window from Asia to US was firmly shut. In Europe, prices dropped amid demand gaps as it lost demand from styrene market with the benzene-styrene spot spread surging dramatically. In US, the benzene markets saw another decline as export opportunities to
