Paraxylene price climbs on high naphtha cost

Asian paraxylene prices were up US$6.25 a ton CFR Taiwan/China in the third week of September while FOB Korea was up US$6.33 a ton on the week.

Paraxylene prices in Asian markets inched up on the week on higher naphtha cost while the Px-naphtha spread remained below US$400 a ton. Naphtha spot prices gained US$16 on the week to US$410.90 a ton CFR Japan. Meanwhile in China, Sinopec settled its September contract price.

News Tags: naphtha price, naphtha price in asia, paraxylene price, paraxylene prices in Asia, paraxylene prices in Europe, paraxylene prices in US, PX price

Decline in crude prices in November escalates into polyester chain

News Tags: crude oil price, ethylene price, MEG price, mono ethylene glycol price, naphtha price, paraxylene prices, polyester chip price, polyester filament price, polyester staple fibre price, psf price, PTA price, purified terephthalic acid price

Mumbai
Decline in crude prices in November escalates into polyester chain
Summary: 
Crude oil prices in November declined on pressure from a rallying US$ and expectations of higher interest rate. The US$ hit 6-1/2-month high against a basket of currencies. Data also showed eight straight weeks of inventories builds in US. Brent, the global benchmark for oil, was less than $2 from setting new 6-1/2-year lows in the mid of November. US crude and Brent price fell 6.8% and 7.4%

Crude oil prices in November declined on pressure from a rallying US$ and expectations of higher interest rate. The US$ hit 6-1/2-month high against a basket of currencies. Data also showed eight straight weeks of inventories builds in US. Brent, the global benchmark for oil, was less than $2 from setting new 6-1/2-year lows in the mid of November. US crude and Brent price fell 6.8% and 7.4% respectively as compared to previous month’s average. US Futures averaged US$42.91 a barrel, down US$3.15 from October and Brent averaged US$48.25, down US$3.56 on the month.

yarnsandfibers.com
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Falling crude triggers cost reduction in raw materials for making polyester

News Tags: crude oil prices, ethylene price, MEG price, mono ethylene glycol, naphtha price, paraxylene price, polyester chip, polyester fiber, polyester filament, Polyester prices, polyester spun, polyester yarn, PTA price, Purified terephthalic acid

Mumbai
Falling crude triggers cost reduction in raw materials for making polyester
Summary: 
In the week ended 5 September, crude oil prices climbed more than US$2 early in the week as the markets bounced off several month lows hit in the previous week. Also prospects for peace in CIS and a strong US data raised demand expectations. Weaker US$ and expectations of a decline in US crude stocks also supported prices. However, the oil complex settled lower on the week after a ceasefire agreement in Ukraine helped minimize risk premium, while concerns remain over the impact of Russian sanctions on European demand. NYMEX October crude closed at US$93.29 per barrel, down US$2.67 on the week while on the ICE October Brent crude settled at US$100.82 per barrel also down from last week.

In the week ended 5 September, crude oil prices climbed more than US$2 early in the week as the markets bounced off several month lows hit in the previous week. Also prospects for peace in CIS and a strong US data raised demand expectations. Weaker US$ and expectations of a decline in US crude stocks also supported prices. However, the oil complex settled lower on the week after a ceasefire agreement in Ukraine helped minimize risk premium, while concerns remain over the impact of Russian sanctions on European demand.

http://www.yarnsandfibers.com/Prices/weekly-pricewatch-report
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Paraxylene prices roars back to June levels

News Tags: daily textile prices, naphtha price, Paraxylene price in asia, Paraxylene price in Europe, polyester chip price, polyester fibre price, polyester filament price, PTA prices

Mumbai
Paraxylene prices roars back to June levels
Summary: 
Asian paraxylene prices shot up significantly back to June end levels as traders' scrambled for short-covering in the week ended 18 July 2014. Prices continued to remain supported by shortage owing to the postponed start-up of new unit run by Total, planned maintenance of several units in China as well as the delayed restart of units run by JX Nippon.

Asian paraxylene prices shot up significantly back to June end levels as traders' scrambled for short-covering in the week ended 18 July 2014. Prices continued to remain supported by shortage owing to the postponed start-up of new unit run by Total, planned maintenance of several units in China as well as the delayed restart of units run by JX Nippon. In the last two days of the week, prices gained as much as US$61 a ton and over the week, they were up US$83.50 closing the week at US$1,460-1,461 a ton FOB Korea and US$1,482-1,483 a ton CFR Taiwan/China.

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Paraxylene tanks no major shakeup yet in downstream

News Tags: daily textile prices, naphtha price, Paraxylene price in asia, Paraxylene price in Europe, polyester chip price, polyester fibre price, polyester filament price, PTA prices

Mumbai
Paraxylene tanks  no major shakeup
Summary: 
Asian ethylene prices were up, although in varying degree on persistent tight supply amid several turnarounds. European ethylene spot prices gave back recent gains following a slump in naphtha prices. In US, spot ethylene prices slipped in an abbreviated week despite an increase in contract prices.
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Px-naphtha spread at 2014 peak in Asia, European makers better off

News Tags: daily textile prices, naphtha price, Paraxylene price in asia, Paraxylene price in Europe, Paraxylene price in USA, polyester chip price, polyester fibre price, polyester filament price, PTA prices

Mumbai
Px-naphtha spread at 2014 peak in Asia
Summary: 
Asian contract price for paraxylene (Px) once again failed to reach a settlement for June, for the eighth time in the last 10 months. Meanwhile, spot prices have jumped US$145 during June, the second highest monthly gain in 24 months.

Asian contract price for paraxylene (Px) once again failed to reach a settlement for June, for the eighth time in the last 10 months. Meanwhile, spot prices have jumped US$145 during June, the second highest monthly gain in 24 months. In June prices surged throughout the month on active short covering for July. They are now at their 2014 peak.

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