PSF prices stable-to-up in Asian markets

In China, offers for 1.4D direct-melt-spun PSF in the third week of May 2018 moved up in the local currency while the prices were stable in US$ terms.

Polyester staple fibre prices rose further in China while they were stable in India and Pakistan during the week. In China, PSF producers raised their offers slightly in the week while transactions were still moderate.

News Tags: MEG prices, paraxylene price, PET prices in China, PET prices in India, polyester chip prices, polyester fiber prices, polyester fibre prices, polyester filament yarn prices, Polyester prices, polyester staple fiber prices, polyester staple fibre prices in China, polyester yarn prices in Asia, psf prices in China, psf prices in India, psf prices in Pakistan, PTA prices

MEG price slips on increased supply in Asia

Asian spot MEG prices fell US$30 a ton CFR China and CFR South East Asia in the last week of April. In China, offers for nearby-month cargoes was down US$30 a ton, with bids and discussions edging down lower.

Mono ethylene glycol prices in Asian markets plunged that week on increased supply in the region amid thin trading activity. Taiwan's Nan Ya shut its 460,000 tons per year MEG line on 2 May. China’s Sinopec Shanghai Petrochem is planning to shut its 380,000 tons per year MEG plant in June.

In US, MEG prices will face upward momentum in May from tightening supply.

News Tags: ethylene glycol prices, Ethylene prices in Asia, MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Nan Ya Taiwan, PET prices, polyester chip prices, Polyester prices, Sinopec China, Sinopec Shanghai Petrochem

Polyester market weakens in March, no support from upstream

News Tags: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, paraxylene price, paraxylene prices in Asia, paraxylene prices in Europe, paraxylene prices in US, polyester chip prices in China, polyester filament yarn prices, Polyester prices, polyester yarn prices, psf prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices, PX price, spun yarn prices, yarn prices in china, yarn prices in India, yarn prices in Pakistan

Mumbai
Polyester market weakens in March, no support from upstream
Summary: 
Polyester staple fibre prices fell in China while demand was decent, leading to smooth liquidity. Prices in India were firm during the month. In Pakistan, PSF prices were revised up over a strong demand from the yarn producers and a new fall of the rupee.

Ethylene prices in Asian markets jumped in March supported by strong demand amid the heavy steam cracker turnarounds. In US, spot ethylene fell to a nine-year low on weak sentiment as production from new capacity has overtaken consumption amid downstream disruptions. European ethylene spot prices were almost flat for the month.

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MEG prices rise in Asia

Asian spot MEG prices rose US$25 a ton CFR China and CFR South East Asia in the last week of January. In China, offers for nearby-month cargoes were up US$30 a ton during the week.

Mono ethylene glycol prices in Asia rose as stocking-up activities for post Chinese New Year requirements persisted.

In US, spot MEG prices were firm during the week.

European MEG spot price uptrend halted on muted demand during the week.

Courtesy: Weekly PriceWatch Report

News Tags: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

MEG price declines due to bearish sentiment in Asia

Asian spot MEG fell US$10 a ton CFR China and CFR South East Asia In the last week of September. In China, offers for nearby-month cargoes were down US$10 a ton during the week. Mono ethylene glycol prices in Asia were assessed lower as upstream market weakened this week.

Prices were also pulled down due to bearish sentiment and offloading of cargoes prior to the Golden Week holiday in China. China’s Sinopec Yanshan Petrochem had planned to shut MEG plant on 9th October which has a capacity of 70,000 tons a year.

News Tags: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

MEG price softens amid ample supply in Asia

Asian spot MEG declined US$5 a ton CFR China and CFR South East Asia in the second week of August. Major mono-ethylene glycol producer MEGlobal announced its September MEG Asian Contract Price US$50 a ton higher than its August nomination.

News Tags: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

MEG price edges up amid growing buying interest in Asia

Asian spot MEG inched up US$5 a ton CFR China and CFR South East Asia in the first week of August. In China, offers for nearby-month cargoes rebounded during the week. Mono ethylene glycol prices in Asia were firm amid moderate transactions with buying interest for low-priced goods growing somewhat. However, prices weakened by the end of the week while transaction of forward-month cargoes was moderate.

News Tags: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

MEG price moves up in Asia

Asian spot MEG regained US$22 a ton CFR China and CFR South East Asia in the last week of June. In China, offers for nearby-month cargoes were up US$25 a ton on the week.

Mono ethylene glycol prices moved up early in the week in Asian markets but weakened after midweek and started to fluctuate in a narrow range as trading sentiment was good in early week, and stagnated in the second half. Transaction for August deliveries was thin, and prices were lower than spot values.

News Tags: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

MEG price tumbles on weak demand in Asia

Mono ethylene glycol prices declined sharply by 4% opening the third week of June on weak demand and Futures in China opening with a big drop following a limit down. However, prices recovered later but still posted a weekly fall. Prices may come under pressure in H2 of 2017 amid increased spot cargo availability, with the expected doubling of capacity in India.

European MEG spot prices were stable-to-soft as demand was deemed fairly flat for most part of the week. Hot weather across most of Europe may induce demand for MEG, also used in coolants.

News Tags: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

MEG price climbs in Asia

Asian MEG prices jumped US$32 a ton CFR China and CFR South East Asia in the first week of June. In China, offers for nearby-month cargoes surged amid moderate transaction.

Mono ethylene glycol prices soared in Asian markets, rising day on day through the week as sentiment turned bullish with Chinese government increasing money supply in the market. Downstream demand from polyester manufacturers was also healthy.

News Tags: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

 
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