MEG price slips on increased supply in Asia

Asian spot MEG prices fell US$30 a ton CFR China and CFR South East Asia in the last week of April. In China, offers for nearby-month cargoes was down US$30 a ton, with bids and discussions edging down lower.

Mono ethylene glycol prices in Asian markets plunged that week on increased supply in the region amid thin trading activity. Taiwan's Nan Ya shut its 460,000 tons per year MEG line on 2 May. China’s Sinopec Shanghai Petrochem is planning to shut its 380,000 tons per year MEG plant in June.

In US, MEG prices will face upward momentum in May from tightening supply.

News Tags: ethylene glycol prices, Ethylene prices in Asia, MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Nan Ya Taiwan, PET prices, polyester chip prices, Polyester prices, Sinopec China, Sinopec Shanghai Petrochem

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.

0

Blended yarn prices remain range-bound in Asia

In China, offers for PC yarn were stable in the first week of February while that of PV yarn were firm during the week.

In India, PC yarn offers were assessed unchanged during the week while PV yarn prices also remained range-bound despite rising polyester fibre cost. 30s (65/35) PV warp yarns prices were stable while PC 30s (52/48) prices were up INR1 a kg in Ludhiana.

In Pakistan, poly-cotton prices rolled over on the back of strong prices in raw material market while poly-viscose prices were steady during the week.

News Tags: pc yarn prices, Polyester prices, prices, psf prices, pv yarn prices, rayon prices, yarn prices

MEG prices rise in Asia

Asian spot MEG prices rose US$25 a ton CFR China and CFR South East Asia in the last week of January. In China, offers for nearby-month cargoes were up US$30 a ton during the week.

Mono ethylene glycol prices in Asia rose as stocking-up activities for post Chinese New Year requirements persisted.

In US, spot MEG prices were firm during the week.

European MEG spot price uptrend halted on muted demand during the week.

Courtesy: Weekly PriceWatch Report

News Tags: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

Polyester yarn prices continue to rise in China, stable in India

In China, offers for 32s polyester yarn in Shengze were up US cents 5 a kg in the third week of January. Spun polyester yarn offers in China continued the uptrend that week in tandem with firming up polyester staple fibre cost. Market saw modest demand and sales were passable during the week.

In India, spun polyester yarn prices stopped falling and were assessed stable during the week. Prices were supported by firm PSF cost and decent demand.

News Tags: Polyester prices, polyester yarn prices, psf prices, spun yarn prices, yarn prices in china, yarn prices in India, yarn prices in Pakistan

PTA prices firm up in Asia

Asian PTA prices, CFR China and CFR Southeast Asia marker were both firm in the third week of January. In China, offers for bonded goods were up US$5 a ton during the week.

Purified terephthalic acid prices in Asia were stable to up that week on the back of firm upstream values. PTA market is likely to see weak correction in the coming week as demand weakened. However, since several major PTA units will undergo maintenance in February, together with strong cost support, PTA market will still hold strong capability to resist price drop.

News Tags: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices

Polyester prices inch up in China, down in India

In China, offers for 32s polyester yarn in Shengze rose US cents 3 a kg in the first week of January. Spun polyester yarn offers reacted to the surging polyester staple fibre prices during the week. Market saw moderate demand as sales were modest.

In India, polyester yarn 30 knit yarn prices were down INR1 a kg (down US cent 1 a kg on the week) in Ludhiana market.

In Pakistan, polyester yarn prices were unchanged during the week supported by stable polyester staple fibre cost and increasing demand.

News Tags: Polyester prices, polyester yarn prices, psf prices, spun yarn prices, yarn prices in china, yarn prices in India, yarn prices in Pakistan

PTA prices rise on increasing demand in Asia

Asian PTA prices were up US$15 a ton CFR China and CFR Southeast Asia in the first week of January. In China, offers for bonded goods were up US$10 a ton and discussions for nearby month cargoes were talked up on the week. Yisheng Petrochemical hiked its self-lifting price by US$10 from previous week while Hengli Petrochemical kept stable.

Purified terephthalic acid prices in Asia jumped this week on higher upstream values and growing demand.

News Tags: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices

Blended yarn price edges down in India, up in Pakistan

In India, PV yarn offers declined in the first week of December while PC yarn prices also edged down. 30s (65/35) PV warp yarns prices fell INR1 a kg while PC 30s (52/48) prices were down INR2 a kg Ludhiana that week.

In Pakistan, poly-cotton prices inched up while poly-viscose prices were stable during the week. Prices increase was limited due to slow domestic and international demand. PC yarn prices were up PakRe1 per pound on the Faisalabad market and 30s were stable on the week. PV 30s yarn prices rolled over during the week.

News Tags: pc yarn prices, Polyester prices, prices, psf prices, pv yarn prices, rayon prices, yarn prices

 
Let Us Know Your Need
click here icon
 
Pricewatch Enquiry
Name
Company
Phone
Email
Country
 
Word Verification
 
News & Views
Desi handloom at Vastrabharana by Craft Council of Karnataka  
  25 May , 2018 Read full story  
First ever Yarn, Fabric and Accessories Show \'YFA 2018\' begins August 30th at Ludhiana  
  25 May , 2018 Read full story  
Dyneema, the world\'s strongest fiber increases it\'s production capacity to fulfill the growing global customer demand  
  25 May , 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