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Polyester Chain: Ethylene at 9-month high

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زمان جاری : پنجشنبه 25 مرداد 1397 - 4:10 بعد از ظهر
نام کاربری : پسورد : یا عضویت | رمز عبور را فراموش کردم



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تعداد بازدید 461
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mrl590 آفلاین


ارسال‌ها : 81
عضویت: 4 /6 /1391
محل زندگی: بابل
سن: 24
شناسه یاهو: mrl590
تشکرها : 24
تشکر شده : 6
Polyester Chain: Ethylene at 9-month high
Ethylene prices in Asia rose to a nine month high on modest downstream demand and surge energy complex but amid thin trading activity. European ethylene market continued to see imports trickle in as cracker operators moved to cover for the upcoming turnaround season. In US ethylene spot price climbed as production outages continued to weigh in on the spot market. Paraxylene prices were driven up by active short covering for the February position in Asia. In Europe spot paraxylene prices were also driven by a stronger Asian market, although spot material remained scarce in ARA. The US spot paraxylene climbed on higher mixed xylene values and similar movement in Asian market.
Asian mono ethylene glycol prices slipped this week amid a thin market. Players pointed out that the activity in the MEG market has begun to slow down as the LunarNew Year was approaching and Chinese traders would be away for the holidays over February 9-16. European mono ethylene glycol January contract price was fully settled up Euro20 over December. PTA markets in Asia began on a bearish note, hit by persisting weakness in the downstream polyester market.
Despite higher settlements, polyester chips makers were still under cost pressures. Semi dull PET chip market generally fluctuated in weakness with prices mildly heading south, since futures weakened and new goods gradually emerged in the market. Trading sentiment in Asian polyester filament yarn markets improved a bit and downstream replenishment of stocks was moderate. In Pakistan,PFY market hit a standstill and producers offered flexible discounts while markets in India leveled off and offers were largelysustained. With raw material slipping a bit and more closures of spinning mills in China, polyester staple fibre markets remained stalemated. Demand was shrinking while PSF producers were unwilling to lower offers due to high costs. However, discounts were offered on firm deals.
Source: YnFx.com.

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سه شنبه 10 بهمن 1391 - 16:09
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