Home / Knowledge / News / Textiles / PTA Nov average price declines m-o-m in Southeast Asia
PTA Nov average price declines m-o-m in Southeast Asia
07
Dec '13
In Southeast Asia, the average price of purified terephthalic acid (PTA) in November 2013 declined by 3.4 percent compared to the average price in October.
 
The decline was much greater on a year-on-year basis at 9.43 percent, with average PTA price being US$ 995/ton in November 2013, as against average price of US$ 1100/ton in November 2012.
 
In November 2013, the average PTA price in Southeast Asia was US$ 1005/ton in the first fortnight of the month ending November 15, which dropped by 1.25 percent to US$ 990/ton in the second fortnight of the month ending November 30. However, price was assessed at US$ 1005/ton on December 5, 2013.
 
In Far East Asia, the average PTA price in the last fortnight ending November 30 was US$ 985/ton, showing a drop of 1.5 percent compared to the average price of US$ 1000/ton in the previous fortnight ending November 15. On December 5, PTA price was offered at US$ 1000/ton.
 
The average CNF India price of PTA in the last fortnight was US$ 1015/ton, registering a dip of 1.46 percent over the previous fortnight’s average price of US$ 1030/ton. However, PTA price rebounded and was quoted at US$ 1030/ton on December 5, 2013.
 
The decline in PTA prices in Asian markets during November 16-30 fortnight was due to weak demand coupled with poor feedstock price.
 
On the other hand, PTA prices remained stable in the US and European markets at 64 cents/pound and € 930/ton, respectively, during the same fortnight, owing to mute buying sentiment.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 29th Mar 2017

Indonesian garment exports to remain stable in 2017: API

Garment exports from Indonesia are likely to remain stable this year...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Myanmar CMP garment exports to touch $2.2bn in 2017

Cutting, making and packaging (CMP) garment exports from Myanmar are...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Steve Cole
Xerium Technologies

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

Johan Berlin
InvestKonsult Sweden AB

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

Ashok Desai
Bombay Textile Research Association

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Bani Batra

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

Ritu Kumar
Label Ritu Kumar

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

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
March 2017

March 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