Published on February 23, 2015
Polyester prices from past few weeks have been reacting well to the fall in the energy values. Prices for crude oil have remained volatile since past few weeks. The basic feedstock for polyester is Ethylene. The impact on Ethylene prices has been minimal. This in turn has affected the polyester prices in Asian countries. According to experts, the recent fall in naphtha and crude had an immediate impact on the polyester market.
Since last few months there has been consistent decline in the prices for Para Xylene. In eight months prices for Para Xylene has dropped by USD 500/MTS. FOB Korea Para Xylene on Friday closing were assessed were around USD 870/MTS. On contrary MEG prices have sustained stable trend in last few weeks. According market expert’s demand for polyester has remained slow and dampened in last few weeks. There have not been enquiries related to the chemical. This in turn has led to slowdown in the prices of associated chemicals. Traders continued to restrict their purchasing and have adopted and wait and watch stance.
