Viscose and Cotton fiber prices raised in India [ 12 Jan, 2008]
YnFx PriceWatch report dated 11th January 2008 reports, Crude oil prices in the week averaged lower than the last week’s average in US and Europe. In USA it declined by about US$6 to US$91.56 a barrel. OPEC basket price remained stable at around US$92 a barrel while in the Far East crude oil increased US$4.5 to US$91 a barrel.
Naphtha prices in Japan remained stable at US$875 a ton whereas in Singapore it increased by about US$38 to US$738 a ton. Far East contract prices increased moderately by US$9-US$10 a ton. Second half of February contract price was at US$878.5 a ton. Singapore swaps for Jan month closed at about US$858 a ton.
PFY prices in Malaysia and Indonesia wavered by 3-5 cents. POY 75D in Malaysia was quoted at US$1.60 a kg. PFY prices in India inched up by a cent. 1.4D/38 mm SD in China got quoted at US$1.64 and the spec saw variation of 2 cents across markets. PSF and PFY in Pakistan declined by couple of cents.
In some markets PTA prices moderately increased by US$10 – US$15. PTA offers in Korea and Taiwan were quoted at US$865 a ton. Contd polymerised (SD, fil grd) were quoted at US$1,459 a ton increasing US$9. In Taiwan, Super bright, fil grade was unchanged at US$1,170 a ton. MEG prices continued its fall in the week. MEG Front month offer in Korea and Taiwan was quoted at US$1,340 a ton decreasing by US$90.
NFY prices in China increased by a cent for most specs in DTY and FDY whereas in Korea, POY remained unchanged POY 85D/24 SD in Korea was at US$3.10 a kg, unchanged in the week. While in India prices of POY20D/1 SD increased 4 cents in the week. Polypropylene prices in China last week has seen a mixed movement whereas in Turkey was unchanged. 1.5D 38mm in China fell by a cent to while other specs increased by a cent.
Caprolactam prices in FE Asia and SE Asia remained stable at US$2,410 a ton similarly import prices in China, for goods from Japan, East Europe and Russia, remained stable. DSM Nomination contract price was at US$3,207 moderately increasing by US$4.37. Nylon chips import price in China remained stable in the week while local prices increased by US$14-16 a ton. Local SD high speed spinning price in China was quoted at US$3,483 while in SE Asia was US$2,720 a ton.
1.5D/38 mm in China was priced at US$2.52 a kg falling 4 cents while in Taiwan it was steady and was quoted at US$2.25 a kg. 1.5D/38 mm in India was at US$2.78 a kg rising 2 cents, and other specs too had similar increases. Acrylonitrile prices in North China saw a decline to US$2,065 a ton while elsewhere remained constant. In India, it was at US$1,900 a ton and in NE and SE Asia, it was at US$1,920 a ton.
VFY prices in India jumped in the week. 10D bright got quoted at US$5.94 a kg and 12D bright was at US$5.15 a kg. Prices in China were steady inching up by a cent in the local markets. Viscose price in India were hiked in the week along with cotton yarn prices. 1.2D bright and 1.2D dull prices in India were quoted at US$2.80 a kg. 1.5D/38 mm in China was steady at US$3 and 1.5D in Pakistan was at US$2.82 a kg. Cotlook ‘A’ Far East Asia index price was at US$1.61 a kg inching up a cent while American PIMA cotton remained steady. New York cotton futures in the week fell around a cent while China cotton Futures increased by a cent to US$1.87 a kg. However in India cotton fiber prices jumped by 2-6 cents on export demand and the speculation that exports might be restricted.
For detailed report on trends of fibers and raw materials please contact us at + 91 22 66291120 or write to us
sales@ynfx.com
Source: YarnsandFibers.com
BASF unveils new units in Freeport, TX, USA. [ 25 Oct, 2007]
BASF has inaugurated two facilities in Freeport, TX, USA for making superabsorbent polymers and polyamide 6.
The polymers facility can produce 120,000 tonnes/y. The city now serves as the production hub for the company's entire polyamide intermediates and polymers operations in North America.
Source: Chemical Business
