Home / Knowledge / News / Textiles / PTA & MEG move in tandem with other petrochemicals
PTA & MEG move in tandem with other petrochemicals
Apr '09
In the beginning of the first week of April, prices of Purified Terephthalic Acid (PTA), in line with its contemporaries in the petrochemical industry started its relentless ascent in the Northwards direction, due to underlying support from downstream sectors.

This in turn provided space for prices to grow of its downstream products like polyester chips and its intermediates. In the Chinese market, PTA price which was quoted at Yuan 6,890 per ton rose by Yuan 225 per ton, an increase of nearly 3.4 percent. Offers for imported PTA also increased by US $30 per ton to touch $850 per ton.

Again in the first week of April, MEG prices stood at Yuan 4,400 per ton whereas imported MEG was offered at $540 per ton in the Chinese market. Analysts believe that even if there is still a slide in the textile clothing export situation in the later part of the year, the formidable Chinese demand for petrochemicals will keep the clock ticking for the petrochemical industry.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: CLO Virtual Fashion

Information Technology | On 9th Dec 2016

CLO expands 3D simulation technology in Europe

CLO Virtual Fashion, developers of 3D garment visualisation...

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Paolo Ocleppo
Sandvik Hyperion

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

Ashok Desai
Bombay Textile Research Association

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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