Asian Polyester Filament Yarn Prices Rise

　　 Ethylene market in Asia Continue their downward trend, because Li Chuan petrochemical, Sinopec, Zhenhai Refinery and Japan Jing Ye company restarted their cracking facilities last week. High inventories in China and Japan continue to reduce spot demand, and most terminal customers have enough stocks to last until the end of 7. The price of p-xylene in Asian and European markets also declined compared with the previous week, a drop more than last week's growth, despite the recovery of oil prices. Derivatives MEG and PTA appeared to be revised up.

　　 MEG The price increase is due to the rise in crude oil futures, PTA prices and supply growth. Buyers expect the bear market to prevail and purchase interest low.

Asiatic polyester Filament yarn Market Prices in China and Malaysia and Indonesia rose by 4-20 cents / kg. However, prices in India and Pakistan have declined. The Asian polyester market has been stable, and prices in China and Taiwan and Korea have increased slightly. Supply policy, stable downstream demand, because spinning polyester yarn manufacturers started at moderate operating rates.