Asian PTA marker was up US$4 a ton CFR China while the CFR Southeast Asia in the second week of June. In China, offers for nearby-month goods were maintained at US$615-620 a ton, and buying interest was mute.
Purified terephthalic acid prices firmed up in Asian markets amid rising feedstock price and expected supply cuts. China’s OPSC will remain shut during G20 summit while Hanbang will shut plants late June.
In China, spot PTA market was quiet as a whole for lack of indication from PTA futures. Some sporadic offers were maintained, the same as before the Dragon Boat Festival holidays.
In Europe, PTA contract price remained range bound and unchanged over the past week.
In US, PTA June prices is expected to firm up as upstream PX contract may rise amid strong downstream PET demand.
Courtesy: Weekly PriceWatch Report
In May 2020, nylon filament yarn prices were talked up amid climbing prices in the upstream CPL and nylon chip…
In May 2020, polyester filament yarn prices recovered in China supported by higher prices in the polyester staple fibre markets.
Viscose staple fibre prices in April were mostly down in the Asian markets of China, India, and Pakistan. In China,…
Feedstock, propylene prices in Asia fell in April amid historic lows in the crude oil and naphtha markets that month.…
Nylon or polyamide chip markets slumped in March amid weakening prices in the raw material CPL markets while downstream buying…
In March 2020, polyester staple fiber (PSF) prices declined month-on-month in China as demand was weak and supply was abundant.…