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

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kerem Durdag
Biovation II LLC

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Yash P. Kotak
Bombay Hemp Company

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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


July 2017

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

news category

Related Categories:

Planning to Take the Leap towards

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

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