Price movements in Asian ethylene markets were diverged as cargoes continued to move from Northeast to Southeast Asia despite the price gap between them narrowing. In Europe, the April contract price for ethylene was fully settled down Euro 60 a ton on the month while the spot markets tumbled on low demand. In US spot ethylene slipped following the market talk of improving supply, which in turn was attributed to the recent restarts of petrochemical facilities in the US Gulf. Paraxylene prices we

Benzene markets were dull in Asia and prices declined amid bearish market sentiment despite the energy complex gaining strength. US spot benzene dipped significantly attributed to weaker global sentiment as Asian and European prices were also lower. In Europe, benzene markets were in the red, as bearish sentiment continued to penetrate global markets. Asian caprolactum markets softened as demand weakened amid on inventory in downstream and upstream benzene markets showing sign of rapid softeni

Propylene prices headed up on tight supply amid thin liquidity, but gains were limited by weak downstream markets. In Europe, April propylene contract price had fully settled down Euro 50, with several reports saying the agreements reached with their respective counter-parties. In US, spot refinery-grade propylene dropped as demand for RGP continued to remain mute and polymer-grade propylene prices continued to slide. Acrylonitrile demand in Asian markets was limited amid lukewarm trading atmo

Prices of viscose staple fibre in Asia continued their downward trend, with most players focusing on the news of large deals in Fujian. However, until weekend discussions for the 10,000 ton deal were still underway. Due to firm costs, VSF market may see some large transactions as soon as the low end of above deals is confirmed. Prices of VSF in India and Pakistan remained stable at previous week’s level. Asian viscose filament yarn markets saw some better sales, supported by bullish news from

Cotton yarn prices were generally stable in Asian markets with few producers holding salable specs by adjusting offers, particularly combed and compact-spun yarns. More volumes were moved compared with the previous week. Indian producers showed strong willingness to lift prices, but most industry sources were pessimistic about the market outlook. Successive losses in polyester staple fibre values dragged down spun polyester yarn further. Prices were also dipping lower given sluggish trades and