Decline in crude prices in November escalates into polyester chain

Related Keywords: 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
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Polyester price falls in China and Pakistan, stable in India

Polyester staple fibre markets were under falling cost pressure and weak demand in the last week of July. Sentiment slightly picked up amid favorable sales, with upstream raw material slightly rallying weekend. In China, Sinopec nominated its PSF contract prices for August 2015 while atmosphere weakened slightly.

Related Keywords: polyester staple fibre price, polyster price, psf price, psf price in China, psf price in India, psf price in Pakistan

Polyester markets recovers in Asia, PSF producers in China raise offers

Related Keywords: pfy price, Polyester filament prices, polyester price in china, polyester price in india, polyester price in Pakistan, polyester staple fibre price, psf price

Mumbai
Summary: 
Polyester filament yarn markets remained firm in the week of 8 November in Asia and prices were seen rising for some specs. Offers for POY and FDY were hiked further sporadically in China while DTY remained stable.

Polyester filament yarn markets remained firm in the week of 8 November in Asia and prices were seen rising for some specs. Offers for POY and FDY were hiked further sporadically in China while DTY remained stable. However, trading sentiment was lackluster, and low prices vanished gradually, as participants carried a cautious attitude amid wait-and-see sentiment. In Shengze, trading sentiment for PFY was passable as buyers cautiously bought for stocking amid rigid demand. In Pakistan, trading sentiment was insipid and small hikes were made to sporadic offers DTYs.

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