+917718880355

Insights

PTA price edges down amid volatility in futures market

YarnsandFibers News Bureau 2016-11-04 04:05:20 –

Asian PTA markers fell US$4 a ton CFR China and CFR Southeast Asia in the third week of October. Purified terephthalic acid prices edged down amid volatility in futures market despite active trading in Chinese domestic market. End-users were seeking goods to meet year-end demand.

In China, offers for nearby-month goods were range bound on the week. PTA market was relatively quiet in H1 of the week as PTA futures values inched up, while the trading atmosphere in spot waned since polyester producers showed weak interest to buy high-priced goods.

In Europe, October contract price fell as October paraxylene CP had split settlement at rollover. October contract price fell Euro5 a ton on the week.

In US, October price increased tracking the movement in feedstock October paraxylene contract. The formula-derived PTA price uses the US paraxylene contract price. October PTA price increased US cent 0.50 per pound on the week.

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