In China, offers for bonded goods were down US$10 a ton in the second week of October. Yisheng Petrochemical lowered its self-lifting price by US$10 from last week while Hengli Petrochemical kept unchanged on the week. Purified terephthalic acid prices in Asia were stable to weak after the National Day holiday week in China as market fundamentals were largely unchanged supported by tight supply.
China's Jiangsu Hailun Chemical shut its PTA plant for maintenance which has a capacity of 1,200,000 tons per year. China's Sinopec Yizheng Chemical Fibre also shut its PTA plant for maintenance which has a capacity of 650,000 tons per year.
In Europe, purified terephthalic acid market remained long, and spot activity was said to be quiet as customers were covered in terms of supply.
Courtesy: Weekly PriceWatch Report
A weekly report covering market and price information on the entire chain of polyester along with online access to daily polyester chain prices.
One-time reports that are issued annually cover the demand and supply trends in individual products including polyester, nylon, acrylic, viscose, and cotton.
One-time reports that are issued annually cover the demand and supply trends in the individual country's natural and manmade fiber/filament industries.
Countries Served Worldwide