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Polyester Chain Report 09

Acrylic Chain Report 09

Nylon Chain Report 09

World Fibre Report 08

Polyester Chain Report 07

Home Textiles 2007

Viscose Chain Report 07

Viscose Chain Report 07

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PriceWatch Report Highlights 07 March 2010

Polyester Chain | Nylon Chain | Acrylic Chain | Viscose Chain | Others

Monthly analysis of Spun Yarn Exports from India: YnFx Yarn ExportWatch

Polyester Chain

Polyester Staple Fiber Price Trends
  Asian polyester staple fibre market sentiment was still poor this week though the holidays in China were over. MEG and PTA markets were also ranged bound and prices had weakened. Overall demand was still poor as many downstream spun yarn mills in China had not resumed operation post holidays. Coming week, demand for PSF is likely to improve gradually and prices are expected to go.
   

Polyester Filament Yarn Price Trends

  Asian polyester filament yarn markets were soft and prices were seen declining in China this week, particularly of POYs. Trading in most markets was retreating due to lack of downstream demand and decline in cost pressure. Both PTA and MEG were cheaper in Asia, although crude futures marched beyond US$80 a barrel. Coming weeks PFY prices are expected remain range bound in most markets.
   

Purified Terephthalic Acid Price Trends
  PTA market sobered down and prices declined in week in Asian markets as downstream market recovery was slowly and buying interest was weak. The bearishness was also affected by weakening PTA futures in China. The decline in spot paraxylene prices is expected to provide support to PTA from the cost side. The markets expect PET plants may make replenishment and prices to hover up in coming weeks.
   

Paraxylene Price Trends
  Asian paraxylene prices declined this week as the markets were concerned about the surplus supply as there were still about 7-8 downstream PTA units to be shut for maintenance in March-April this year. Prices in Europe too mirrored the Asian trend. Nippon Oil and Idemitsu Kosan settled March contract at US$1,020 a ton CFR Asia, down US$70 from contract nominations for March.
   

Polyester Chips - Fiber Grade Price Trends
  The expected strong uptrend in China polyester chip markets after the Spring Festival did not materialize and in contrast prices inched down. Upstream feedstock numbers too had declined due to oversupply and lack of adequate demand. In China polyester units were gradually restarting after the Spring Festival, and mainly produce chips in early period. The Asian market prices are likely to remain stable in coming week, with a possibility for the numbers going up.
   

Monoethylene Glycol Price Trends
  MEG sentiment weakened significantly and prices were headed down during the week due to lack of buying interest. In China shortage of tanks forced sellers to glut the market resulting in over supply. In coming weeks, buyers may tend to short cover as prices are considered as having bottomed out. However, MEG prices are likely to go soft in the near term.
   

Ethylene Price Trends
  Ethylene prices declined further in Asian markets while they gained in USA this week. European numbers were steady at previous week’s level. In NE Asia prices fell to eight-week low due to increased supplies from Japan where several ethylene downstream units were facing plant related issues prompting exports of spot ethylene from the region. Sustained supplies from Middle East sobered spot prices in SE Asian. In addition, Shell commissioned its new 800 kilo ton naphtha-fed steam cracker.
   

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Nylon Chain

Nylon Filament Yarn Price Trends
  Nylon filament yarn prices were up this week in China and India due to severe cost pressure. Although, benzene market was modest and prices down, caprolactum prices increased sharply on tight supply followed by nylon chip numbers. In China, buying interest was rising but producers were cautious in resuming operation as their profit margins were hard to improve. Coming week, NFY prices were likely to edge up.
   

Benzene Price Trends
  Benzene prices declined across markets of Asia, Europe and USA this week due to surplus supplies. About 100 kilo ton of benzene would leave Asia for USG in H1 Mar. Market sources opines that the surplus supply condition would continue for some more time. However, the price-gap between naphtha and benzene was still healthy and the benzene market do not expect cut in run rates of naphtha cracker.
   

Polyamide Chips Price Trends
  Although benzene prices slackened this week caprolactum prices rose sharply resulting in increased cost pressure on nylon chip producers. Thus producers hiked prices cautiously as demand from downstream market was weak. In China, producers were slowly resuming operations post holidays. Demand for chips in expected to improve as downstream would replenishment after the holiday. Coming week, the markets expect chip values to remain on the uptrend.
   

Caprolactum Price Trends
  Caprolactum prices surged significantly in Asian markets due to tight spot supplies and firm demand in China market. Although benzene prices have been declining, their fall was offset by the hike in ammonia and sulfur values. Many producers expect spot caprolactum prices would go up to US$2,500 a ton in the short run. With Japan\'s Ube Industries shutting its Sakai unit for maintenance from 20 March up to April-end availability in Japan will reduce somewhat.
   

Acrylic Chain
   

Viscose Chain
   

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