PSF prices down in China on limited buying enquiries

In China, offers for 1.4D direct-melt-spun PSF in Jiangsu and Zhejiang fell US cents 6 a kg in the week ended 28 September 2018. The same in Fujian and Shandong were down US cent 4 a kg.

Polyester staple fibre prices were down in China while they were firm in India and Pakistan during the week.

In China, PSF offers were assessed down in the week as market saw limited buying enquiries due to national holiday. PSF suppliers carried out production cutbacks while there was lack of cost support from the upstream markets.

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Polyester chain prices nosedive before peak season amid soft demand

Related Keywords: DTY, FDY, 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, POY, psf prices in China, psf prices in India, psf prices in Pakistan, PTA prices

Mumbai
Summary: 
Polyester markets saw price drops in the week ended 21 September 2018 on the back of lackluster trading sentiment before the peak season. October is the usual peak sales season for PFY, which is the largest user of PTA and MEG in China. Polyester filament yarn prices weakened in China due to low

Polyester markets saw price drops in the week ended 21 September 2018 on the back of lackluster trading sentiment before the peak season. October is the usual peak sales season for PFY, which is the largest user of PTA and MEG in China. Polyester filament yarn prices weakened in China due to low PSF cost and soft demand during the week. Prices in India and Pakistan were relatively firm in the week.

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Polyester fibre and yarn prices soar on cost support and low inventory

In China, offers for 1.4D direct-melt-spun PSF in Jiangsu and Zhejiang rose US cents 6 a kg in the week ended 24 August 2018. The same in Fujian and Shandong jumped US cents 8 a kg. PSF producers in China hiked offers in line with rising polyester chip values this week. Polyester chip prices in Asia were raised amid higher PTA and MEG cost in the week.

Major PSF producers limited their production resulting in to tight supply recently. In seasonal ebb, polyester market was supposed to be dull, but it moved differently at this time of the year.

Related Keywords: 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

Polyester markets faced downward pressure in June

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Mumbai
Summary: 
Polyester chip (PET chip) prices in Asia slipped due to weak MEG prices amid dull trading atmosphere during the month. Offers for semi dull chips were down 4.1% and super bright chip dipped 4.7% on the month.

Ethylene prices in Asian markets inched up in June on expectations of increase in Chinese demand in the coming period. In Europe, spot ethylene prices rose sharply this month on cracker issues as maintenance was been conducted on the western portion of the ARG ethylene pipeline. In US, spot ethylene prices fell amid the recent restart of crackers after turnarounds and the start-ups of new capacity. Prices rose 4.2% from May in Asia while European spot inched up 1.9% on the month. US spot prices slipped 1.5% during the month.

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PSF price climbs in China, drops in India

In China, offers for 1.4D direct-melt-spun PSF in Jiangsu and Zhejiang jumped US cent 1 a kg in the week ended 6 July 2018. The same in Fujian and Shandong was relatively firm during the week.

PSF prices in China were raised amid firmer raw material costs and lower inventory in the region during the week. Meanwhile, downstream converters purchased only hand to mouth in the week. Prices were also supported by concerns that arose from expectations of production cutbacks by some plants, leading to lower inventory.

Related Keywords: 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

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.

Related Keywords: 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.

Related Keywords: 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

Related Keywords: 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.

0

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

Related Keywords: 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.

Related Keywords: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

 
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