+917718880355

Insights

PTA price jumps in China as crude oil rebounds

YarnsandFibers News Bureau 2016-02-12 07:47:42 –

Asian PTA markers regained US$5 a ton CFR China and CFR Southeast Asia in the last week of January.

In China, offers were maintained at US$550-555 a ton, and counter offers were between US$530-540 a ton, with both stalemated.

Yisheng Petrochemical’s cash-based daily prices were up US$8 from previous week while Hengli Petrochemical issued self-lifting offers which were up US$10 a ton on the week.

Purified terephthalic acid markets in Asia continued to fluctuate in a narrow range during week, as crude oil price picked up slightly throughout the week.

In China, PTA futures were relatively stable, driving central prices in domestic market to firm up. Traders were heard to be buying H1 February yuan-denominated spot cargoes as spreads between prompt February and May physical futures were reportedly good.

In Europe, PTA price remained unchanged amid well-supplied market, despite the outage at Artlant's PTA plant in Sines.

In US, January PTA price remained unsettled during week, as paraxylene contract price was expected to fall.

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