+917718880355

Insights

PTA price climbs in Asia, down in US

YarnsandFibers News Bureau 2016-03-18 06:51:51 –

Asian PTA markers were up US$11 a ton CFR China and CFR Southeast in the first week of March.

In China, PTA values did not rise too much due to poor demand, but a deal was done at a high level of US$585 a ton. Offers were pushed gradually to above US$585-590 a ton, and discussions surged US$10 a ton.

Yisheng Petrochemical’s cash-based price were at US$570-590 a ton while Hengli Petrochemical issued self-lifting offers in the range of US$595-605 a ton.

Purified terephthalic acid prices rose in Asian markets on traders short covering but fell marginally day on day weekend, but most market participants considered the decline as negligible.

In China, the actively traded May 2016 PTA futures on the Zhengzhou Commodity Exchange increased on the day. Demand was weak amid ample spot supply. Most PET resin and polyester fiber plants in China and Taiwan were operating at reduced rates.

In US, PTA February contract price settled on the month. Reports indicated that pricing was near the as paraxylene contract price remained unsettled. February contract price for PTA was down US cent 0.83 per pound from January.

Courtesy: Weekly PriceWatch Report

Please Login to comment

Market Intelligence

Ask for free sample Report


why us?
21 yrs

experience

Fortune 500

Customer Base

100%

dedicated team

55+

Countries Served Worldwide


newsletter

Register below to receive our newsletters with latest industry trends and news!

WeCreativez WhatsApp Support
Our support team is here to answer your questions via WhatsApp. Ask us anything!
👋 Hello