Chemical Industry : Polyester fiber yarn broadens misfortunes on dull downstream

Chemical Industry
  • Fiber yarn under strain from more fragile material interest
  • Heavier turnaround plan found in Jan

Asian polyester fiber yarn costs drooped on the week in the midst of more slow downstream material interest and misfortunes to feedstock refined terephthalic corrosive in the Chinese local market. Material interest entered a break period in December, bringing about dreary deals for a few item reviews. Completely drawn yarn request from the downstream texture industry, specifically, saw a precarious decrease (Chemical Industry). As of now, FDY is the weakest entertainer while drawn finished yarn was the top entertainer, as far as edges among the yarn reviews, a few market members said. Polyethylene terephthalate bottle grade exchange action, in the mean time, was constrained during the occasional respite time frame. An absence of clear value course in upstream markets likewise drove market members to stay uninvolved. Supply was depicted as plentiful in the spot advertise, however there were desires for a heavier turnaround plan for polyester plants in China in January due to current frail edges in front of the long Lunar New Year occasion. Feedstock PTA was surveyed at $605/mt CFR China Satursday, while MEG remained at $558/mt CFR China, Satursday (Chemical Industry).

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Dandy Northeast Asia PET was unaltered on the week at $820/mt FOB Northeast Asia Satursday, underneath an idea at $840/mt FOB China and at a tradable level at $820/mt FOB China. Coxcomb Southeast Asia PET was steady at $840/mt over a similar period, in accordance with value development of key market China, without firm exchanges. China brief local POY150D/48F was lower Yuan 95/mt on the week at Yuan 6,895/mt ex-works, in accordance with tradable level at this worth. China brief local DTY150D/48F fell Yuan 15/mt on the week to Yuan 8,505/mt ex-works, reflecting exchange discourse this level. China brief local FDY150D/96F remained at Yuan 6,980/mt ex-works, down Yuan 70/mt week on week on the rear of exchange level at this cost. China brief residential PSF 1.4D*38mm was evaluated at Yuan 50/mt higher, at Yuan 6,750/mt ex-works, in accordance with tradable worth heard at this level (Chemical Industry).

 

Chemical Industry
Chemical Industry

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