Home / Knowledge / News / Textiles / Prices of Paraxylene & PTA flare up in Asian markets
Prices of Paraxylene & PTA flare up in Asian markets
07
Apr '09
Prices of key petrochemical products have been flaring up since the last few days in the Asian markets in the last few days. In the last week for instance prices of MEG shot up by nearly 16 percent in a matter of just five days.

Prices of Paraxylene (PX) too have not been left behind in the bull run and have crossed the psychological US $1,000 per ton barrier to set a new six month high, pushed up by renewed demand and tight supply.

On Monday, Paraxylene prices were quoting at $1,035 per ton (CFR Taiwan). Prices have risen by nearly $80 per ton since the last one week.

Prices of Purified Terephthalic Acid (PTA) too have bounded northwards, since Paraxylene is feedstock for PTA and the short supply of PX in Asian and particularly Chinese markets is fuelling the prices of PTA in the petrochemical markets.

Prices of PTA for instance, hit and closed at $840-850 per ton (CFR China) last Friday corresponding to $680 per ton in mid-March.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Pranav Mishra
Huemn

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Jay Ramrakhiani
Occasions Elegance Wear

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

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