Polyester markets close 2018 on a weak note

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Mumbai
Summary: 
Polyester staple fibre (PSF) prices in December 2018 edged down in China and amid inactive buyers during year-end. In January 2019, producers may schedule turnarounds during the Spring Festival and thus may reduce supply in the market. Prices in

Polyester staple fibre (PSF) prices in December 2018 edged down in China and amid inactive buyers during year-end. In January 2019, producers may schedule turnarounds during the Spring Festival and thus may reduce supply in the market. Prices in India were down US cents 19 this month. In Pakistan, PSF offers were raised and hovered at high levels during the month.

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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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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.

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Polyester market weakens in March, no support from upstream

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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

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.

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Rising crude sets polyester chain market on uptrend in September

Related Keywords: crude oil prices, Ethylene prices in Asia, Ethylene prices in Europe, ethylene prices in USA, European naphtha prices, meg prices in Asia, MEG prices in Europe, MEG prices in USA, Mono-ethylene glycol prices, naphtha prices, paraxylene prices in Asia, paraxylene prices in Europe, paraxylene prices in US, pfy price in China, pfy price in India, polyester chip prices in Asia, polyester filament yarn prices, polyester staple fibre prices, psf price in China, psf price in India, PTA prices in Asia, PTA prices in Europe, PTA prices in USA, purified terephthalic acid prices

Mumbai
Summary: 
Crude oil prices rose in September due to disruptions in US gulf coast aftermath Hurricane Harvey while geopolitical instability in Iraqi Kurdistan aided Brent to make its strongest third-quarter price performance since 2004. US crude prices jumped 4.2% on the month while Brent rose 7.6% as compared to

Crude oil prices rose in September due to disruptions in US gulf coast aftermath Hurricane Harvey while geopolitical instability in Iraqi Kurdistan aided Brent to register its strongest third-quarter price performance since 2004. US crude prices jumped 4.2% on the month while Brent rose 7.6% as compared to previous month’s average. For September, Asian spot naphtha prices were up 10.4% on the month.

0

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.

Related Keywords: 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.

Related Keywords: 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.

Related Keywords: 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.

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

 
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