PTA price jumps in Asia, US

YarnsandFibers News Bureau 2016-04-15 04:18:49 –

Asian PTA markers jumped US$10 a ton CFR China and CFR Southeast in the last week of March. By weekend, mainstream offers were between US$625-630 a ton, with discussions at US$615-620 a ton. Yisheng Petrochemical issued daily cash-based price for PTA unchanged at US$612-635 a ton.

Purified terephthalic acid prices jumped on firm upstream and PTA futures while unexpected shutdown supported the push. China's Hanbang unexpectedly shuts its new 2.2 million ton a year PTA plant.

In China, PTA market moved up with great strength that week as several units are expected to have maintenance in April. Under this influence, domestic prices hiked notably.

In Europe, PTA price was assessed up on bullish April paraxylene contract price expectations. PTA prices rose Euro15 a ton FD NWE on the week.

In US, PTA March pricing remained unsettled while feedstock paraxylene contract was expected to settle higher. Downstream PET demand was improved.

Courtesy: Weekly PriceWatch Report

0 0 vote
Article Rating
Inline Feedbacks
View all comments

Market Intelligence

Ask for free sample Report

why us?
21 yrs


Fortune 500

Customer Base


dedicated team


Countries Served Worldwide


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