Home / Knowledge / News / Textiles / Major Chinese PTA manufacturers see dip in inventories
Major Chinese PTA manufacturers see dip in inventories
24
Nov '12
The purified terephthalic acid (PTA) plant of BP Zhuhai with a production capacity of 1.7 million tons per year is operating normally at present. Entire output is being supplied to contract users. Recent sales are fair and factory stock is currently at low level.
 
BP Zhuhai implemented its October PTA contract futures at 8,650 yuan/ton and its listing price for November PTA contracts is 8,900 yuan/ton.
 
The PTA plant of Yisheng Petrochemical too is operating normally and all its output is being supplied to contract users. Sales at this plant are also fair and inventory has reduced to low level. However, its No. 2 plant with a capacity of 360,000 tons/year is shutdown for maintenance.
 
Yisheng implemented its settlement price for October PTA contract futures at 8,650 yuan/ton and its listing price for November PTA contracts is being implemented at 8,700 yuan/ton.
 
Meanwhile, the PTA plant under Shanghai Oriental Petrochemical with a production capacity of 700,000 tons/year has been shut down for maintenance for a week. All its production is being supplied to contract users and recent sales are fair. PTA stocks are normal.
 
Shanghai Oriental implemented its settlement price for October PTA contract futures at 8,650 yuan/ton, and is also implementing its listing price for November PTA contracts at the same level.
 

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Apparel/Garments | On 22nd Feb 2017

Amazon UK to create 5,000 full time jobs this year

Amazon UK said it will create more than 5,000 full time jobs this...

Courtesy: London Fashion Week

Fashion | On 22nd Feb 2017

India bags best country award at London Fashion Week

The International Fashion Showcase (IFS) Country Award was given to...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Eric Scholler
Groz-Beckert

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sonam & Paras Modi
SVA

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search