Home / Knowledge / News / Textiles / Chinese PTA market to be under pressure in short term
Chinese PTA market to be under pressure in short term
12
Jul '12
The price of purified terephthalic acid (PTA) has increased substantially in recent period owing to a sharp rebound in international oil prices.
 
However, the recent call by world’s major central banks to cut interest rates signaled a further weakening of the global economy. This has affected PTA prices, which saw some adjustment last weekend. Hence, PTA market is likely to witness increasing profit-taking pressure in the short term.
 
A lot of PTA capacity expansion is set to take place in China during the second half of this year, which would further disadvantage the PTA market.
 
In the remaining months of 2012, new capacity will be put into production only after the current PTA output turns into profitability.
 
In terms of latest PX spot price (FOB Korea), current PTA production cost is estimated at 7700 Yuan/ton, while PTA spot price is around 7600 Yuan/ton.
 
At present, the profits of PTA manufacturing enterprises are insufficient to stimulate them to put their new production capacity into operation.
 

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Apparel/Garments | On 2nd Dec 2016

Aditya Birla Group to establish apparel unit in Odisha

Aditya Birla Retail and Fashion Ltd. (ABFRL) is establishing a new...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search