Polyester markets faced downward pressure in June

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, 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, polyester yarn prices in Asia, psf prices, psf prices in China, psf prices in India, psf prices in Pakistan, 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
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.

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

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

Paraxylene prices rise across all regions

Asian paraxylene markers, CFR Taiwan/China was up US$4 a ton in the last week of April while FOB Korea also rose US$4 a ton. Isomer-grade mixed xylene prices surged US$31 a ton FOB Korea during the week.

Paraxylene prices in Asia jumped that week largely driven by gains seen in the upstream crude and naphtha markets. Prices were also supported by healthy downstream buying interest during the week.

China’s paraxylene imports in March rose 21% month on month to 1.44m tons. India’s paraxylene exports in February grew 46% month on month to 202,597 tons.

News Tags: Asian paraxylene markers, China’s paraxylene imports, crude prices, India’s paraxylene exports, Isomer-grade mixed xylene prices, paraxylene price, paraxylene prices in Asia, paraxylene prices in Europe, paraxylene prices in US, PET prices in China, polyester chip prices, Polyester prices, polyethylene terephthalate prices, px exports from India, px imports in China, PX price

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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Paraxylene price edges down across all regions

Asian paraxylene markers, CFR Taiwan/China fell US$7 a ton in the last week of January while FOB Korea was also down US$7 a ton. Isomer-grade mixed xylene prices was stable during the week. Paraxylene prices in Asia edged down on weak upstream crude oil values during the week.

In US, spot paraxylene prices declined this week amid limited activity in the market. Prompt spot paraxylene lost US$5 a ton FOB USG, while spot mixed xylenes rose US cents 3 a gallon FOB USG.

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

Paraxylene price ascends in US, Europe

Asian paraxylene markers, CFR Taiwan/China fell US$9 a ton in the last week of September while FOB Korea was also down US$9 a ton. Isomer-grade mixed xylene prices lost US$3 on the week. Paraxylene prices in Asia declined during the week in tandem with falling ethylene prices amid somewhat balanced availability in the region. South Korea's Hyundai Cosmo restarted paraxylene plant during the week after shutting it down in August. It has a paraxylene capacity of 380,000 tons a year.

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

Paraxylene price falls in Asia, US

Asian paraxylene prices fell US$1 a ton CFR Taiwan/China in the second week of August while FOB Korea also edged down US$1 a ton on the week. Isomer-grade mixed xylene prices lost US$19 a ton FOB Korea during the week.

Paraxylene prices in Asia inched up on Friday but fell week on week amid weak energy cost and availability in the market. China's Fujia Dahua restarted its Dalian PX plant with a capacity of 700,000 tons per year.

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

Paraxylene prices surge across all regions

Asian paraxylene prices jumped US$13 a ton CFR Taiwan/China in the first week of August while FOB Korea also rose US$13 a ton on the week. Isomer-grade mixed xylene prices gained US$16 a ton FOB Korea. Paraxylene prices in Asia edged down on Friday but gained on the week supported by strong upstream values and higher downstream negotiations. India’s Reliance Industries resumed high operating rates at its new 2.25m ton per year paraxylene plant after stabilising operations at its upstream platformer. The August paraxylene Asia contract price was US$35 a ton higher from July.

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

Paraxylene price gains across all regions

Asian paraxylene prices increased US$15 a ton CFR Taiwan/China and FOB Korea in the last week of June. Isomer-grade mixed xylene prices gained US$11.50 a ton FOB Korea on the week. Paraxylene prices rose day on day in Asian market posting week rise after giving back partially weekend. Spot demand was largely flat amid lengthy supply, with not many end-users in the market to source for spot volumes.

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

 
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