Home / Knowledge / News / Textiles / Chinese PTA output to dip in Sept
Chinese PTA output to dip in Sept
Sep '11
PTA output is expected to fall 20 percent in September 2011 compared with August. About 1.50 million tons of PTA production capacity will shut down for maintenance in September and October in China.

However, about 1.20 million tons of new PTA capacity will enter into production over the same period, so the impact of maintenance expected to be limited and PTA supplies will be relatively stable.

In the just concluded week, Asian PX price maintained high level oscillation around US $1,660 / ton, as over seven million tons of PX capacity alternately went in to maintenance mode beginning from August.

High PX prices will continue to bring strong support to PTA. But given the current spread of US $700 / ton between PX and naphtha, companies are reaping high profits.

The market will gradually digest bullish factors from upstream market; therefore, PTA price is unlikely to extend its rally.

September to October is usually the consumption season of polyester, but downstream demand is bleak this year, factories essentially procure materials on demand.

With high inflation, textile enterprises are also facing financial constraints and pressure of rising labor costs.

Based on the foregoing analysis, currently continuing rise of PTA price is mainly due to strong cost support from upstream products and rigid demand from downstream sector that has low inventories.

However, international economy is clearly slowing down and downstream demand is still sluggish. Under such circumstances, it is expected that chances of PTA price rising above 10,000 Yuan per ton will be limited.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Abhishek Samdaria

GST will certainly reduce a lot of paperwork in future

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search