Gross margin of PTA spot was as high as 2,000 Yuan per ton in the first quarter this year. However, they have gradually declined since then.
As of last weekend, Asian PX fell US $11 to US $1345-1346 / ton (FOB Korea) and MX of heterogeneous class fell US $20 to US $1141-1142 / ton (FOB Korea).
The spread between PX and MX too fell to US $204 / ton.
Production cost of PTA is 8,060 Yuan / ton in terms of estimation of PX prices in Asia. PTA spot price fell to 9,000 Yuan / ton in Jiangsu and Zhejiang last Friday, so gross profit of PTA spot has declined to about 940 Yuan / ton in Jiangsu and Zhejiang provinces.
Fibre2fashion News Desk - China
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