+917718880355

Insights

PTA price edges down in Asia

YarnsandFibers News Bureau 2016-04-08 05:21:17 –

Asian PTA prices edged down US$1 a ton CFR China and CFR Southeast Asia in the first week of March. Purified terephthalic acid prices slipped in Asian markets at the end of the week due to falling futures on Zhengzhou Commodity Exchange.

In China, domestic PTA market was corrected in a narrow range but was under recovery based on support from spot prices and the need to replenish inventories by end users beginning of March. Supply will increase with Thai Indorama restarted its plant in March.

Yisheng Petrochemical’s selling price fell US$3 a ton a ton while Hengli Petrochemical self-lifting offers were down US$15 a ton.

In US, February PTA price remained unsettled while January settled at a 17-month high.

European February contract price was assessed stable as paraxylene contract price rolled over. Fundamentals remained extremely firm for PTA as disruption persisted.

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