PTA price regains in Asia

YarnsandFibers News Bureau 2015-11-20 05:11:47 –

In the first week of November, Asian PTA marker partially regained US$9 a ton both CFR China and Southeast CFR.

In China, suppliers kept offers unchanged, and sellers held back selling interest at below US$600 a ton.

Yisheng Petrochemical kept daily cash-based price for PTA unchanged at US$640 a ton while Hengli Petrochemical issued self-lifting offers at US$630-635 a ton.

Purified terephthalic acid prices rose in Asian markets that week to end at a two-week high as plant shutdowns limited availability while rebound was seen as limited amid weakness downstream.

In China, Yisheng Dahua extended its maintenance again due to some unexpected problem at its PTA unit that was slated to restart last weekend.

In Europe, PTA price remained unchanged on the week awaiting further direction from the paraxylene contract prices.

PTA contract price was assessed unchanged at Euro658 a ton FD NWE.

In US, October PTA prices dropped in line with the fall in paraxylene contract price. US October PTA price slipped US cent 0.8 per pound.

Courtesy: Weekly PriceWatch Report

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