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Viscose staple fiber markets firmed up in China and prices continued to rise in the second week of August, due to higher cost amid Yuan depreciation. Low priced medium-to-low-end goods were generally cancelled, and fresh trading prices were fixed at a higher level. Mainstream
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In China, due to Yuan depreciation, buyers were relatively resistant towards imported pulp. Dissolving pulp markets saw no fresh offers in the second week of August. However, firm deals were found at US$860-870 a ton for hardwood pulp while offers for
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In China, 75/72 POYs price fell US cents 5 a kg in the second week of August in Shengze while 75/36 was also down US cents 5 a kg. In Shandong, PFY market was mostly stable, with a few underpriced products up marginally. In Jiangsu, PFY market was
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Paraxylene prices have been on a downward slide ever since the crude oil prices started falling and more recently because of CNY devaluation. However, paraxylene prices moderated in the second week of August in Asian
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As operating pressure reduced on plunging caprolactum and nylon chips prices, nylon filament yarn prices fell further in the second week of August. Textile yarn makers in China continued to cut run rates on poor confidence. They may carry out further production
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In the second week of August, caprolactum prices softened reflecting weaker benzene and growing market length. Demand was bearish and low-end liquid spot offers were corrected down while offers for solid goods also fell. Upstream benzene market sentiment
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Blended yarn prices were clearly falling across China, India and Pakistan in the second week of August as cost eased with falling fibre prices while demand remained weak. The depreciation of the Yuan and weak INR pushed prices further down
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PSF prices have declined US cents 8-16 per kg across China, India and Pakistan in the second week of August. Thus, cost support to polyester spun yarns eased amid sluggish demand. The significant Yuan depreciation has caused prices to fall further in US$ term, although
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Mono ethylene glycol prices in Asian markets declined in the first week of August as traders turned increasingly bearish amid falling crude oil, which depressed prices of polyester feedstock. Markets were spooked further by reports of the huge inventory built up in east
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Purified terephthalic acid prices in Asian markets slipped in the first week of August amid bearish downstream polyester markets as end-users remained sluggish, expecting the lack of buying interest to pressurize spot prices through August. Hengli Petrochemical made
