Sluggish trend continues in polyester as markets seek direction

News Tags: ethylene price, MEG price, paraxylene price, polyester fibre price, polyester filament price, Polyester markets, Polyester prices, polyester textile yarn, PTA price

Mumbai
Sluggish trend continues in polyester as markets seek direction
Summary: 
Ethylene market was assessed flat as sluggish trading continued but prices were up in the week ended 12 June 2015 and the diverge trend continued between NE and SE Asia. European spot prices fell as bearish sentiment worked on both supply and demand while derivative, particularly LDPE saw

Ethylene market was assessed flat as sluggish trading continued but prices were up in the week ended 12 June 2015 and the diverge trend continued between NE and SE Asia. European spot prices fell as bearish sentiment worked on both supply and demand while derivative, particularly LDPE saw its first fall in three months. In US, ethylene spot slipped as Dow resumes production at Louisiana facility.

yarnsandfibers.com
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Polyester pricing up in April on production disruptions and surging crude

News Tags: ethylene price, MEG price, paraxylene price, polyester chip price, polyester fibre price, polyester filament price, PTA price

Mumbai
Polyester pricing up in April on production disruptions and surging crude
Summary: 
Production disruptions caused by fire at major PTA and MEG plants in China pushed up Asian raw material prices in April, triggering an immediate response in polyester chain. The surge was largely for margin protection rather than market fundamentals, but prices moved aggressively, rallying every day. It was also all over again, beginning with crude pricing with fire a spontaneous trigger. Crude oil prices rose week after week in April and gained US$3-6 on the month. The sharpest rise

Production disruptions caused by fire at major PTA and MEG plants in China pushed up Asian raw material prices in April, triggering an immediate response in polyester chain. The surge was largely for margin protection rather than market fundamentals, but prices moved aggressively, rallying every day. It was also all over again, beginning with crude pricing with fire a spontaneous trigger. Crude oil prices rose week after week in April and gained US$3-6 on the month.

yarnsandfibers.com
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Polyester chain witnessed another bout of cost-push price advances

News Tags: ethylene price, MEG price, paraxylene price, polyester chip price, polyester fibre price, polyester filament price, polyester price in china, polyester price in india, polyester price in Pakistan, PTA price

Mumbai
Polyester chain witnessed another bout of cost-push price advances
Summary: 
The polyester chain witnessed another bout of price advances in the week ended 24 April, with polyester staple fibre and filament yarn prices zooming past or almost at par with its previous high seen in the last week of November 2014. This time prices the push came from the demand side

The polyester chain witnessed another bout of price advances in the week ended 24 April, with polyester staple fibre and filament yarn prices zooming past or almost at par with its previous high seen in the last week of November 2014. This time prices the push came from the demand side rather than cost side. Also helping came from the rounds of maintenance shutdown in the upstream industry. Added to these factors was a couple of fire breakout at petrochemical plants in China that feed the polyester industry.

yarnsandfibers.com
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Polyester pricing may see hikes in April and May, but fall later

News Tags: ethylene price, MEG price, monoethlene glycol price, paraxylene price, polyester fiber price, polyester fibre price, Polyester filament prices, PTA price, purified terephthalic acid price, textile price forecast

Mumbai
Polyester pricing may see hikes in April and May, but fall later
Summary: 
Everything in synthetic fibre markets, especially polyester, has been revolving around crude oil price, and hence the US$. The first signs of policy change in US, expectation of a hike in interest rates, have led to a flight to the US$, supported by other currencies being devalued. And with world powers reaching a

Everything in synthetic fibre markets, especially polyester, has been revolving around crude oil price, and hence the US$. The first signs of policy change in US, expectation of a hike in interest rates, have led to a flight to the US$, supported by other currencies being devalued. And with world powers reaching a framework agreement with Iran to curtail its nuclear program, the stage has been set to end the sanctions that have restrained Iran’s exports.

yarnsandfibers.com
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Polyester pricing moderates across the value chain

News Tags: DTY price, ethylene price, MEG price, mono ethylene glycol price, paraxylene price, pfy price, polyester fibre price, polyester filament price, Polyester prices, polyester yarn price, POY price, psf price, PTA price, purified terephthalic acid price

Mumbai
Polyester pricing moderates across the value chain
Summary: 
In the week ended 20 March, prices of polyester chain moderated a bit after generally rising earlier on cost support. While crude oil prices were up as US$ weakened on US interest hike uncertainty, Greece issue and report of a new four-year low in the number of rigs drilling oil in US, the impact was otherwise

In the week ended 20 March, prices of polyester chain moderated a bit after generally rising earlier on cost support. While crude oil prices were up as US$ weakened on US interest hike uncertainty, Greece issue and report of a new four-year low in the number of rigs drilling oil in US, the impact was otherwise on the downstream derivatives. US crude jumped 4 per cent week end and European Brent snapped two straight weeks of losses as Iran struggled to reach a nuclear deal with world powers.

yarnsandfibers.com
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Will falling crude oil initiate cost easing for polyester makers?

News Tags: crude oil price, paraxylene price, polyester fibre price, polyester filament price, Polyester prices, polyester spun yarn price, purified terephthalic acid price

Mumbai
Will falling crude oil initiate cost easing for polyester makers?
Summary: 
Crude oil prices have lost US$14.23 since their recent peak of US$106.62 per barrel as of 20 June 2014. And this had a decelerating impact on naphtha and its derivatives. Naphtha prices have crashed from US$982 a ton to US$849 a ton over the same period. The polyester industry has trying to adjust to this massive change. As of last week of September, Brent crude for November delivery settled at US$97 a barrel while US November crude settled at US$93.54 a barrel. Both crude benchmarks remained on pace for a third straight monthly loss.

Crude oil prices have lost US$14.23 since their recent peak of US$106.62 per barrel as of 20 June 2014. And this had a decelerating impact on naphtha and its derivatives. Naphtha prices have crashed from US$982 a ton to US$849 a ton over the same period. The polyester industry has trying to adjust to this massive change. As of last week of September, Brent crude for November delivery settled at US$97 a barrel while US November crude settled at US$93.54 a barrel. Both crude benchmarks remained on pace for a third straight monthly loss.

Yarnsandfibers.com
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Feedstock still supporting polyester chain, but for how long?

News Tags: paraxylene price, polyester fibre price, Polyester prices, PTA price

Mumbai
Feedstock still supporting polyester chain
Summary: 
Feedstock paraxylene markets will continue to support downstream polyester segment for some time since more and more PTA capacity will come on stream while paraxylene supplies will remain short until new capacities come on line. Q3 and early Q4 will see demand from PTA for paraxylene firming rapidly. PET or polyethylene will drive the markets while textile filament will remain subdued. However, poor demand for polyester fibre is likely to weaken further in coming few weeks until prices stabilize at low level. This poor show will emanate from low cotton prices.

Feedstock paraxylene markets will continue to support downstream polyester segment for some time since more and more PTA capacity will come on stream while paraxylene supplies will remain short until new capacities come on line. Q3 and early Q4 will see demand from PTA for paraxylene firming rapidly. PET or polyethylene will drive the markets while textile filament will remain subdued. However, poor demand for polyester fibre is likely to weaken further in coming few weeks until prices stabilize at low level. This poor show will emanate from low cotton prices.

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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.

0

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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