Polyester fibre and yarn prices soar on cost support and low inventory

In China, offers for 1.4D direct-melt-spun PSF in Jiangsu and Zhejiang rose US cents 6 a kg in the week ended 24 August 2018. The same in Fujian and Shandong jumped US cents 8 a kg. PSF producers in China hiked offers in line with rising polyester chip values this week. Polyester chip prices in Asia were raised amid higher PTA and MEG cost in the week.

Major PSF producers limited their production resulting in to tight supply recently. In seasonal ebb, polyester market was supposed to be dull, but it moved differently at this time of the year.

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Textile exporters show displeasure with a rise in polyester prices

Related Keywords: All Pakistan Textile Mills Association, basic textile raw materials cotton and PSF, cotton, domestic polyester manufacturers, entire textile export value chain, global market players, man-made textile products, manmade textiles, polyester fiber chain, Polyester prices, polyester staple fibre, PSF, PTA and PSF plants, PTA plant, raw materials, synthetic market, Textile exporters, yarn manufacturers

Lahore
Summary: 
The yarn producers have urged the government to reduce import duties on the import of PSF from existing 7 percent to 2 percent as polyester prices have almost doubled in the last year. The meeting was also of the view that one of the main causes of the non viability of domestic polyester fiber chain is the protection extended to the obsolete PTA plant over the last 25 years. The import duties on its raw materials are zero yet the finished product PTA is being given protection of 6 percent despite making huge profits which is a big reason for the predicament and non viability in the export market of Pakistani produced manmade textiles.

The yarn producers have urged the government to reduce import duties on the import of PSF from existing 7 percent to 2 percent as polyester prices have almost doubled in the last year. The meeting was also of the view that one of the main causes of the non viability of domestic polyester fiber chain is the protection extended to the obsolete PTA plant over the last 25 years.

https://nation.com.pk/18-Aug-2018/increase-in-polyester-prices-irks-textile-exporters
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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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PSF price climbs in China, drops in India

In China, offers for 1.4D direct-melt-spun PSF in Jiangsu and Zhejiang jumped US cent 1 a kg in the week ended 6 July 2018. The same in Fujian and Shandong was relatively firm during the week.

PSF prices in China were raised amid firmer raw material costs and lower inventory in the region during the week. Meanwhile, downstream converters purchased only hand to mouth in the week. Prices were also supported by concerns that arose from expectations of production cutbacks by some plants, leading to lower inventory.

Related Keywords: MEG prices, paraxylene price, PET prices in China, PET prices in India, polyester chip prices, polyester fiber prices, polyester fibre prices, polyester filament yarn prices, Polyester prices, polyester staple fiber prices, polyester staple fibre prices in China, polyester yarn prices in Asia, psf prices in China, psf prices in India, psf prices in Pakistan, PTA prices

PSF prices stable-to-up in Asian markets

In China, offers for 1.4D direct-melt-spun PSF in the third week of May 2018 moved up in the local currency while the prices were stable in US$ terms.

Polyester staple fibre prices rose further in China while they were stable in India and Pakistan during the week. In China, PSF producers raised their offers slightly in the week while transactions were still moderate.

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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

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.

Related Keywords: 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.

Related Keywords: 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

Related Keywords: 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.

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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.

Related Keywords: pc yarn prices, Polyester prices, prices, psf prices, pv yarn prices, rayon prices, yarn prices

 
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