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High crude fails to stimulate PTA prices
21 Apr '08
3 min read
In addition, offers outside China is 660 yuan per ton, higher than domestic PTA spot, difficulties in financing are increasing. Furthermore, MEG, another raw material of polyester products, fell from 9500 yuan per ton at the beginning of the month to 9,100 yuan, down 400 yuan per ton, and still observing a down trend.
Decline in MEG helps ease cost pressures of polyester enterprises, currently domestic polyester enterprises still hold meager profits, operating rate maintains at more than 85 percent.
Last week, polyester products continued their aerage trend; direct spinning manufacturers faced increasing inventory pressures. Their offers declined 50-150 yuan per ton. Sales were poor, polyester filament market kept dropping slightly, but overall market stabilized.
Decline in MEG helps ease cost pressures of polyester enterprises, currently domestic polyester enterprises still hold meager profits, operating rate maintains at more than 85 percent.
Last week, polyester products continued their aerage trend; direct spinning manufacturers faced increasing inventory pressures. Their offers declined 50-150 yuan per ton. Sales were poor, polyester filament market kept dropping slightly, but overall market stabilized.
Fibre2fashion News Desk - China
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