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

Global economic upswing became broader & stronger: IMF

Textiles | On 19th Apr 2018

Global economic upswing became broader & stronger: IMF

The global economic upswing that began around mid-2016 has become...

Courtesy: ITMA

Textiles | On 19th Apr 2018

ITMA 2019 expanding space due to overwhelming response

Due to overwhelming response, the exhibition space has been increased ...

BIDA’s Europe trip to showcase a different Bangladesh

Apparel/Garments | On 19th Apr 2018

BIDA’s Europe trip to showcase a different Bangladesh

The Bangladesh Investment Development Authority (BIDA) is taking a...

Interviews View All

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Kerem Durdag
Biovation II LLC

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marcel Alberts
Eurofibers

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

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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

Yes No

Active Poll

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

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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

Yes No

Active Poll

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

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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

Active Poll

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

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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