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
0

Polyester prices correct on falling energy complex and supply imbalance

News Tags: MEG price, pfy price, polyester filament price, polyester price in asia, polyester price in Europe, polyester price in USA, Polyester pricing, polyester staple price, psf price, PTA price

Mumbai
Polyester prices correct on falling energy complex and supply imbalance
Summary: 
In the week ended 17 July, the Asian ethylene market continued to be hit by weak demand amid ample supply while prices touched a four-month low. The spread between North East and South East was at its widest in 11 months as the two markets saw diverge trend. Asian markers CFR NE

In the week ended 17 July, the Asian ethylene markets continued to be hit by weak demand amid ample supply while prices touched a four-month low. The spread between North East and South East was at its widest in 11 months as the two markets saw diverge trend. Asian markers CFR NE was down US$20 a ton while SEA CFR fell US$35 a ton on the week. The ethylene-naphtha spread was wide at US$65 a ton.

yarnsandfibers.com
0

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
0

Polyester chain pricing is under weak correction

Asian ethylene prices stayed flat amid weak PE market and turnarounds. Polyethylene prices were seen softening on a combination of weaker LLDPE futures, tapering agricultural demand and falling domestic prices in China. In Europe, ethylene spot also remained flat as market awaited production restarts. In US, ethylene spot slipped after restarts of two US Gulf Coast producers’ plants while Evangeline in-service date was expected by 15 June.

News Tags: ethylene price, MEG price, paraxylene price, polyester fiber price, polyester filament price, Polyester price, polyester staple price, PTA price

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
0

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
0

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
0

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
0

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.
0
 
Let Us Know Your Need
click here icon
 
Pricewatch Enquiry
Name
Company
Phone
Email
Country
 
Word Verification
 
News & Views
Alif Industries to invest Tk 400cr to expand its business in garment sector  
  23 Feb , 2018 Read full story  
Steady conditions prevailed at cotton market  
  23 Feb , 2018 Read full story  
Cotam Enterprises to build new textile complex in Turkmenistan  
  23 Feb , 2018 Read full story  
 
Prices
 
Market Intelligence
  • Polyester Intelligence
    YnFx's Polyester Intelligence Service consolidates all the information at a click. This service provides the following:
    • Daily Price Trends
    • News & Views
    • Weekly Prices on Polyester Chain
    • Price Forecast Covering 3 Regions
    • Spun Yarn Exports from India
    • Polyester Chain - Demand/Supply Statistics
 
Special Reports
 
Country Reports
  •  
    Who have subscribed this report
    Live Chat online
    feedback button