+917718880355

Insights

PTA price slips after recent gains

YarnsandFibers News Bureau 2015-11-27 06:07:23 –

Asian PTA marker fell US$3 a ton CFR China and Southeast CFR in the second week of November.

In China, selling indications for cargoes held steady at above US$600 a ton throughout the week with discussions slipping to US$600-605 a ton from US$610 a ton earlier in the week.

Yisheng Petrochemical’s offers were pegged at US$640 a ton throughout this week while Hengli Petrochemical issued self-lifting offers in the range of US$635-640 a ton.

Purified terephthalic acid prices slipped in Asian markets amid bearish sentiment and thin trading.

Although higher operating rates of about 90% were been seen at several Chinese PET resin producers, most polyester fiber plants in China and Taiwan reportedly reduced rates to 75%.

In US, October PTA price was set down from September while October drop extended the downward trend in the North American market.

Formula-derived October PTA price was down US cent 0.8 per pound from September.

In Europe, PTA market awaited direction and contractual prices were assessed unchanged on the week.

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