Home / Knowledge / News / Textiles / Asian PTA prices show downtrend last fortnight
Asian PTA prices show downtrend last fortnight
07
Mar '14
In Asian markets, the prices of purified terephthalic acid (PTA) showed downtrend in the last fortnight ending February 28, 2014, compared to the previous fortnight ending February 15, 2014, due to bearish sentiments in feedstock prices coupled with weak upstream energy value.
 
In Southeast Asia, the average price of PTA in the last fortnight was US$ 915/ton, which was a decline of 4.7 percent over the previous fortnight’s average price of $960/ton.
 
The average PTA price in February was $935/ton in Southeast Asia, registering a sharp drop of 21.43 percent as against the average PTA price of $1190/ton recorded in the same month in 2013.
 
The downtrend of February continued in the first week of March and PTA price on March 6, 2014, was assessed at $905/ton in Southeast Asia.
 
In Far East Asia, the average price of PTA in the last fortnight was $915/ton, showing a fall of 4.19 percent compared to the average price of $955/ton in the previous fortnight. Continuing with the downtrend, the price further dropped to $900/ton on March 6, 2014.
 
In the Indian market, the average PTA price in the last fortnight decreased by 4.06 percent to $945/ton from the average price of $985/ton in the previous fortnight. The downtrend continued and PTA price was quoted at $930/ton on March 6, 2014.
 
In Europe, however, the average price of PTA price remained stable at € 880/ton in the last fortnight, due to poor buying sentiments.
 
In the US market, too, the average price of PTA stayed steady at 60.00 cents/pound in the last fortnight due to poor support from the downstream market.
 
PTA is consumed in polyester production, including polyester fibre, polyethylene terephthalate (PET) bottle resin and polyester film.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Eric Scholler
Groz-Beckert

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Suresh Patel
Sidwin Fabric

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

Tony Ward
Tony Ward

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

news category


Related Categories:
July 2017

July 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