Home / Knowledge / News / Textiles / Reopening after spring festival brings cheer to PTA market
Reopening after spring festival brings cheer to PTA market
Feb '09
The PTA market, which re-opened after the Chinese Spring Festival has steadily moved higher and the market atmosphere is slowly warming up. At present, cash offers in East China market are standing at 6,500 Yuan per ton, shipment made by buyer, and normal transaction prices at 6200-6400 Yuan per ton, an increase of about 700 Yuan. Offers in nearby overseas markets for spot goods are available at US $760-770 per ton, a rise of $80 per ton.

Downstream polyester market has turned warmer; with end product prices moving higher and the sales situation is relatively stable. Some polyester staple fibre manufacturers are ready to restart closed fibre manufacturing lines as demand for the PTA fibre rises, which is expected to bring more increases in PTA prices in near future, on lines witnessed by the petrochemical markets in the last few days.

The rise in raw material prices has played a greater role in promoting PTA market, post-festival. Prices of crude oil and naphtha are increasing, PX price is also rising, leading to a number of PTA foreign suppliers sealing offers as many buyers foresee a bullish outlook in the next few months.

On the other hand, some domestic PTA manufacturers have declared contract reduction, which sends bullish confidence to the industry, and pushes price up further. Looking at the supply situation, arrivals are limited and operating rates of domestic PTA factories have not risen significantly, as some plants are in midst of overhauling and maintenance, so currently supply and demand status is clearly favorable to the market.

In accordance with the current supply and demand situation, as well as the speculation of an increase in operating rates of downstream polyester plants, PTA market has all possibilities of moving slightly higher, but the rise may not be too high, since current economic situation is depressed and the basic trend of crude oil is still weak.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Apparel/Garments | On 2nd Dec 2016

Aditya Birla Group to establish apparel unit in Odisha

Aditya Birla Retail and Fashion Ltd. (ABFRL) is establishing a new...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Tony Ward
Tony Ward

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

Igor Chapurin

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

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

December 2016

December 2016

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


Browse Our Archives


Advanced Search