BEIJING: The surge in global crude prices to new record highs earlier this month made a deep impact on polyester prices but now easing oil prices kept raw material costs of polyester producers more stable. Polyester filament prices were mostly unchanged in the past seven days in China. Raw material prices could be boosted by a new rebound in crude oil prices.
Prices of polyester chips are declining these days, although Chinese plants are already reporting losses.
Polyester plants are running at 80% to 90% of their capacities, a very high level indicating that demand is now stronger than in the past weeks. China’s total MMF output in first eight month of this year expanded 11 percent to 10,186,800 tons; synthetic fiber output accounted for 9,426,300 tons.
|China: Man-Made Fiber (MMF) Output|
|Chemical fiber pulp||MT||484,700||507,300||1.7||504,900||41|
|PA fiber (nylon)||MT||565,100||668,300||14.9||456,200||17|
|PES fiber (polyester)||MT||9,133,500||11,380,500||22.8||7,988,800||11|
|PAN fiber (acrylic)||MT||628,600||662,000||5.4||512,800||8|
|PVA fiber (vinylon)||MT||32,563||35,105||10.9||25,507||12|
|PP fiber (polypropylene)||MT||275,000||275,800||-0.4||158,300||-12|
|Synthetic fiber blends||MT||5,592,500||6,497,500||11.1||4,846,000||11|
|Polyester (PET chip)||MT||7,944,400||8,103,500||7.8||5,595,800||9|