Home / Knowledge / News / Textiles / PTA markets on a roll
PTA markets on a roll
28
Jul '09
In the previous week, China's PTA market rose again and in the process launched a fierce offensive. The market received a set back slightly on Monday, but pulled out to launch a bullish line from Tuesday to Friday, especially on Thursday and Friday.

The market increased about 100 Yuan and closed at 7,492 Yuan per ton on Friday, 252 Yuan (3.48%) higher than the previous week and in the process scaled the high witnessed on April 29.

Overall spot market of the week showed the same trend. The market fell back on Monday to 7,100-7,150 Yuan per ton on Monday. But increased buyer activity helped the PTA markets to bounce back and close the week at 7,370 Yuan per ton on Friday.

This closing is 180 Yuan per ton (2.50%) higher than the previous week, but still 600 Yuan below 8,000 Yuan per ton set by the markets at the end of April. As of last Friday, the futures price was 122 Yuan per ton higher than spot price, expanding 72 Yuan from the previous week.

At present, supply in spot market is very tight; trade volume in spot market is still very small. It is reported that PTA manufacturers have full orders till August. Although operating rate is very high, the market is still in a state of short supply.

PTA settlement price in China was 7,350 Yuan per ton in July, 250 Yuan higher than in June. According to current demand and supply, August listing price should not be lower than 7,350 Yuan per ton or even higher at 7,500 Yuan per ton.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Tony Ward
Tony Ward

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Mike Hoffman
Gildan Activewear SRL

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

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