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 25th Apr 2017

Greater Manchester is high on its textiles industry

Greater Manchester is witnessing a boom in textiles industry with 77...

Apparel/Garments | On 25th Apr 2017

Foreign buyers paying less for green factory apparel

International buyers are not paying enough for apparel and garments...

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eric Scholler
Groz-Beckert

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Wendell Rodricks
Wendell Rodricks

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

Silvia Venturini Fendi
Fendi s.r.l

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

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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