Home / Knowledge / News / Textiles / PTA prices drop in Asian markets last fortnight
PTA prices drop in Asian markets last fortnight
23
May '14
The prices of purified terephthalic acid (PTA) decreased in Asian markets in the last fortnight ending May 15, 2014, compared to the previous fortnight ending April 30, 2014.
 
Selling offers for PTA declined in Asian markets in the last fortnight due to bearish buying sentiments coupled with a plunge in upstream energy value.
 
In S E Asia, the average price of PTA declined by 1.69 percent to US$ 875/ton in the last fortnight, as compared to the average price of $890/ton in the previous fortnight. Compared to the average price of $1055/ton in the first fortnight of May 2013, the price has dropped by 17.3 percent. On May 22, 2014, PTA prices were assessed at $890/ton.
 
In F E Asia, the average price of PTA dropped by 2.26 percent to $865/ton in the last fortnight, as compared to the average price of $885/ton in the previous fortnight. On May 22, prices were assessed at $880/ton.
 
In India, the average price of PTA dipped by 2.15 percent to $910/ton in the last fortnight, vis-à-vis the average price of $930/ton in the previous fortnight. On May 22, prices were assessed at $920/ton.
 
In the Chinese domestic market, PTA offers were quoted in the range of RMB 5,950/ton to RMB 5,980/ton at the end of the first half of the last fortnight. In the second half of the fortnight, selling offers increased and were offered in the range of RMB 5,950/ton to RMB 6,000/ton.
 
In the Chinese international market, selling offers for PTA declined by $15/ton and were offered in the range of $860/ton to $865/ton in the first half of the last fortnight, while selling offers for PTA prices inched down by $10/ton and were offered in the range of $850/ton to $855/ton in the second-half of the last fortnight.
 
In Europe, the average PTA price in the last fortnight remained stable at € 880/ton, due to firm energy prices.
 
In the US, the average price of PTA in the last fortnight was 60 cents/pound, same as the previous fortnight, due to mute buying sentiments.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marten Alkhagen
Swerea IVF AB

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

Wendell Rodricks
Wendell Rodricks

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

July 2017

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

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

Yes No

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

Yes No

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


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



X