In the week ending November 22nd, the price of PTA in Asia declined, which was dragged down by polyester bear market. During this period, China's PTA plant had a high operating rate. P As supply increased and demand weakened, the price of < a href= "http://m.pmae.cn/news/index_s.asp" > PTA < /a reached its lowest level in 16 months. < /p >
P PTA producers in Europe dissatisfied the contract settlement price of para xylene feed. < /p >
< p > in addition, the price of terephthalic acid in the United States is expected to descend in November, which occurred after the low price of para xylene. PTA manufacturers in Asia lowered their prices and cut us $9 on the basis of the CFR price in China. The estimated price reached US $983-988 / ton, and the settlement price of Southeast Asian member countries was US $989-996 / ton. The price of parylene in the US is rising, even though demand is calm and there is no steady trade. Although Europe's spot parylene is short of tender and offer, the price remains unchanged. The supply of Southeast Asia is abundant, and the price of p-xylene in Asia is decreasing. < /p >
< p > other a href= "http://m.pmae.cn" > polyester < /a > feedstock, ethylene prices in Asia are stable. The ethylene market in Europe has been steadily declining, as inland prices remain flat, even though the cost of naphtha is rising. In the United States, ethylene prices fell from 12 weeks high, and were dragged down by weak purchasing interest. Although the price of ethylene in the United States is weak, MEG prices remain high and competitive in the export market. MEG prices in Europe dropped to a new low in 2013, indicating that bear market demand will continue to bring pressure on prices. MEG prices in Asia have declined due to lack of demand. This trend may ease, because Shell's MEG Asian contract price in December dropped by 15 US dollars over November. < /p >
< p > polyester chip market has entered a stalemate and trade in Asia has been calm. The main quotation was stable at the opening time and the slight increase in the fractional quotations was due to low inventory. Polyester filament yarn market remained stable, and most manufacturers maintained quotations. In Pakistan, PTY's offer was flat and trading volume declined slightly. India's PFY market is weak, and manufacturers are eager to reduce inventories. Polyester short < a href= "http://m.pmae.cn" > fiber > /a > the market is weak, the price has dropped slightly, whether in China or in India. Because of the decline in polyester intermediates, cost support is limited. Polyester staple fiber prices are relatively stable in China. < /p >