PTA prices trend up in Asia, Europe

Asian PTA prices, CFR China was up US$10 a ton in the third week of May 2018 while CFR Southeast Asia marker also rose US$10 a ton on the week. In China, offers for bonded goods inched up US$10 a ton and discussions for nearby month cargoes were heard US$5 less than the offer prices.

Purified terephthalic acid prices in Asia edged up that week despite slightly weak paraxylene cost. Since the processing margins have been recovered a bit and plants undertook maintenance, the upward trend of PTA market will now depend on the upstream energy market.

Related Keywords: Hanwha General Chem, paraxylene prices, PET prices, polyester chip prices, Polyester prices, PTA plants in China, pta price in China, pta price in US, PTA prices, PTA prices in Europe, PTA prices in South Korea, PTA producers in South Korea, purified terephthalic acid prices

Decline in crude prices in November escalates into polyester chain

Related Keywords: 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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Paraxylene price goes down in Asian markets

Paraxylene prices in Asian markets fell in the last week of July after being lifted the previous week while a partial contract price settlement was reached by Idemitsu, Yisheng. However, the Curve flipped into contango as turnarounds loomed large. Mixed xylene prices also declined on softer upstream and downstream markets.

In Europe, paraxylene prices rose week on week as mixed xylene sellers remained and was at a premium to August gasoline. US paraxylene spot market tracked falling Asian numbers while demand stayed low amid poor economics and spot assessments fell week over week.

Related Keywords: paraxylene prices, paraxylene prices in Asia, paraxylene prices in Europe, paraxylene prices in US

Polyester pricing in June 2015 A year of fall - Part I

Related Keywords: ethylene prices, naphtha price in asia, naphtha price in Europe, naphtha price in USA, paraxylene prices, petrochemical prices, Polyester pricing

Mumbai
Polyester pricing in June 2015 A year of fall
Summary: 
Watching the fall in polyester chain for about a year now, one segment which has apparently escaped the trend is the ethylene chain including its derivative mono ethylene glycol segment. Crude oil prices had peaked in June 2014 and started their downward journey thereafter. Many factors

Watching the fall in polyester chain for about a year now, one segment which has apparently escaped the trend is the ethylene chain including its derivative mono ethylene glycol segment. Crude oil prices had peaked in June 2014 and started their downward journey thereafter. Many factors were responsible for their fall, with supply glut being an important one.

yarnsandfibers.com
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Paraxylene prices move in tandem with crude oil market

Paraxylene prices firmed up in the week ended 12 June but fluctuated week end on sluggish crude oil markets and weakening aromatics values. Asian markers, the FOB Korea and CFR Taiwan/China, rose US$22 on the week, but fell US$9 on 12 June.

In Europe paraxylene spot gained on firmer crude oil while June European contract price remained unchanged from May leaving spot prices at a 15 per cent discount. During the week, price gained US$22 a ton FOB ARA. June contract price rolled over at Euro880 a ton equating just under US$990 a ton.

Related Keywords: Paraxylene price in asia, Paraxylene price in Europe, Paraxylene price in USA, paraxylene prices

Chemical fibres feedstock become costlier on demand supply imbalance

Related Keywords: asian petrochemical price, benzene prices, chemical fiber, ethylene prices, Europe petrochemical price, manmade fibre, paraxylene prices, propylene prices, US petrochemical price

Mumbai
Chemical fibres feedstock become costlier on demand supply imbalance
Summary: 
Crude oil prices have been firming up in recent weeks but the general view is that they will remain relatively low for some time yet. While supply will remain, the demand side may see nothing change much. USA still

Crude oil prices have been firming up in recent weeks but the general view is that they will remain relatively low for some time yet. While supply will remain, the demand side may see nothing change much. USA still gives mixed signals, even with the benefits of cheaper gasoline while in Europe there are many problems, especially in terms of low consumer demand in the north and low employment in the south.

Yarnsandfibers.com
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Polyester feedstock and intermediate prices on the rise despite China on holiday

Related Keywords: ethylene prices, MEG prices, mono ethylene glycol prices, paraxylene prices, Polyester price, PTA prices, purified terephthalic acid prices

Mumbai
Polyester feedstock and intermediate prices on the rise despite China on holiday
Summary: 
Polyester feedstock – ethylene and paraxylene and intermediates – purified terephthalic acid and mono ethylene glycol, prices are moving up now. In the week ending 20 February, although the major producer and consumer China was on a long Lunar New Year holiday prices strengthened

Polyester feedstock – ethylene and paraxylene and intermediates – purified terephthalic acid and mono ethylene glycol, prices are moving up now. In the week ending 20 February, although the major producer and consumer China was on a long Lunar New Year holiday prices strengthened during the week. It all began with crude oil prices recording three consecutive weeks of gains, both US futures and European Brent. Since end of January, oil prices have gained 13 per cent on news of falling rig counts in US. This led to support to downstream derivative naphtha markets.

Yarnsandfibers.com
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Unstoppable drop in polyester chain pricing led by crude oil

Related Keywords: ethylene prices, paraxylene prices, polyester fiber prices, polyester filament yarn prices, polyester price in china, polyester price in india, polyester price pakistan, Polyester prices

Mumbai
Unstoppable drop in polyester chain pricing led by crude oil
Summary: 
The free fall in crude oil prices continued in the week of 5 December with both benchmarks hitting their recent lows. US crude oil closed at its lowest since July 2009 while Brent fell below US$70 a barrel in the week for the first time since 2010. The markets were grappling with oversupply resulting from the US shale gas boom and the recent decision by the OPEC not to cut output. US shale is highly scalable and most estimates peg the breakeven price in key regions of this unconventional supply at US$65 per barrel. Prices were further worsened by a stronger dollar which hit the highest since March 2009. A stronger dollar makes commodities denominated by the greenback less affordable to holders of other currencies. The January Brent crude contract slipped 4% or US$1.08 on the week to settle at US$69.07 a barrel, while US crude fell US cents 31 on the week to settle at US$65.84 a barrel. Both registered their ninth loss in 10 weeks.

The free fall in crude oil prices continued in the week of 5 December with both benchmarks hitting their recent lows. US crude oil closed at its lowest since July 2009 while Brent fell below US$70 a barrel in the week for the first time since 2010. The markets were grappling with oversupply resulting from the US shale gas boom and the recent decision by the OPEC not to cut output. US shale is highly scalable and most estimates peg the breakeven price in key regions of this unconventional supply at US$65 per barrel.

YarnsandFibers.com
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PTA producers managed to lift price, but spot relents

Related Keywords: daily polyester prices, daily yarn prices, latest textile prices, MEG prices, paraxylene prices, Polyester prices, polyester staple prices, PTA prices

Mumbai
PTA producers managed to lift price
Summary: 
Asian PTA prices gave back some of its recent gains despite continuous soaring feedstock paraxylene prices since early May (0.66 unit paraxylene required to produce 1 unit of PTA). The tighter domestic PTA market in China was found easing in the week ended 20 June.

Asian PTA prices gave back some of its recent gains despite continuous soaring feedstock paraxylene prices since early May (0.66 unit paraxylene required to produce 1 unit of PTA). The tighter domestic PTA market in China was found easing in the week ended 20 June. Sinopec restarted its four PTA plants across China on 18 June, boosting paraxylene sentiment as demand will resume from these four units, hence prices soared in the week. The contract price for PX in Asia failed to reach a settlement for June, the eighth time in the last 10 months leaving PTA makers to enter spot.

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Ethylene firms up entering 2014, paraxylene moderates in Asia

Related Keywords: ethylene price, MEG prices, paraxylene prices, Polyester prices, PTA prices, weekly textile prices

Mumbai
Ethylene firms up entering 2014
Summary: 
Ethylene prices were firmer in Asian markets amid tight regional supply and warming up demand in the week of 3 January. The markers rose US$20-30 week on week to be assessed at US$1,519-1,521 a ton CFR Northeast Asia and US$1,474-1,476 a ton CFR Southeast Asia. In Europe, ethylene markets were quieter and prices mostly rolled over while ample supply moderated ethylene prices in US.

Ethylene prices were firmer in Asian markets amid tight regional supply and warming up demand in the week of 3 January. The markers rose US$20-30 week on week to be assessed at US$1,519-1,521 a ton CFR Northeast Asia and US$1,474-1,476 a ton CFR Southeast Asia. In Europe, ethylene markets were quieter and prices mostly rolled over while ample supply moderated ethylene prices in US.

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