Home / Knowledge / News / Textiles / Asian PTA prices show downtrend last fortnight
Asian PTA prices show downtrend last fortnight
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

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Manuj Terapanthi

Transparent supply chain and fair trade will boost sustainable market

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

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

Eric Scholler

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

Mark Paterson
Technical Absorbents Ltd

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Igor Chapurin

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

Wendell Rodricks
Wendell Rodricks

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


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