Polyester industrial yarn market weekly
Spot market:Polyester industrial yarn spot prices edged up by 200-300yuan/mt this week amid higher cost. High-tenacity 1000D was traded at 13000-13300yuan/mt while low shrinkage ones were traded at 13300-13700yuan/mt 180 days payment, delivered. Aug contract prices were nominated at 13700yuan/mt for high-tenacity 1000D, 14300yuan/mt for low shrinkage ones and $1930/mt FOB for export ones.
Market Update
- NYMEX: US gas futures lower despite tighter balances
- USITC determination on fatty acids from Indonesia, Malaysia likely to raise costs, further tighten US markets
- India announces green ammonia deals, aims to cut imports
- China’s export halt marks potential shift in ammonia price trend
- LNG charter rates fairly stable but Pacific premium eroding
- Plant status: China's Tianjin Bohua Yongli cuts acetic acid run rate to 40%
- Update to ICIS Topics: US-Iran conflict - impact on chemicals and energy
- Plant status: Thailand’s TPI Polene cuts EVA output in Apr; duration uncertain
- ICIS GRAPHIC: How Asian countries responded to energy shortage in March
- ICIS GRAPHIC: How Asian countries responded to energy shortage in March
