Published on September 15, 2014

Polyester prices from past few weeks have been reacting well to the fall in the energy values.  Prices for crude oil have been settling on lower range from 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 the first week of August prices for FOB Korea Para Xylene were around USD 1370/MTS which has now declined to the level of USD1230/MTS. Since last two months prices has declined by more than 140/MTS. Similar trends were observed in case of MEG prices. CFR China prices have declined by USD 45/MTS in last one month. 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.