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Asian PTA prices rise on firm demand
18
Jun '14
On June 17, 2014, PTA prices increased in Asia due to firm feedstock price coupled with strong demand in the region. In the F E Asian market, selling offers of PTA rose and were quoted in the range of US$ 950/ton to US$ 960/ton.

In S E Asian market selling offers for PTA increased by US$ 10/ton and were offered in the range of US$ 980/ton to US$ 990/ton. In Indian market, selling offers for imported PTA also surged by US$ 10/ton and were quoted in the range of US$ 950/ton to US$ 960/ton.

In the week ending June 14, 2014, selling offers for PTA increased in Asian market, due to limited product availability in the region. In the F E Asian markets, PTA was offered in the range of US$ 945/ton to US$ 950/ton while in the S E Asian market, PTA price was assessed at US$ 980/ton.

In the same week, in Indian market, selling offers for imported PTA were quoted in the range of US$ 985/ton to US$ 990/ton. In Chinese market, selling offers for PTA prices were in the range of US$ 935/ton to US$ 940/ton. In the Chinese domestic market, selling offers for PTA were in the range RMB 7,100/ton to RMB 7, 150/ton. 

Fibre2fashion News Desk - India

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