Polyester chip producers lower offers amid poor buying interest

YarnsandFibers News Bureau , 08-11-2018 13:14 -

Asian marker, FOB Taiwan/Korea for semi-dull continuous spinning fibre grade chip fell US$67 a ton in the week ended 26 October 2018. In China, semi dull chip offers was also down US$67 a ton as compared to last week while offers for super bright chip fell US$89 a ton on the week. CDP chip offers declined US$75 a ton on the week.

Polyester chip prices in Asia fell sharply in tandem with low PTA and MEG prices in the week. In China, semi dull chip offers moved down due to limited transactions during the week. Polyester chain market was weak and suppliers were active to offload goods at a discount amid poor buying interest.

Plant run rates increased to 59% in the week. Domestic producers restarted PET chip unit and supply is expected to increase slightly. Overall, polyester chip prices may range-bound in weakness in coming weeks.

In Europe, lower consumption lead to a decline in PET prices, and the domestic range for November delivery fell as a result.

Courtesy: Weekly PriceWatch Report

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

Let Us Know Your Need
click here icon
Pricewatch Enquiry
Word Verification
News & Views
Lululemon face disturbing allegations of worker abuse  
  17 Oct , 2019 Read full story  
Mali says cotton output to reach 1 mln tonnes  
  17 Oct , 2019 Read full story  
PONGS textiles up for the HP Stitch  
  17 Oct , 2019 Read full story  
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