Home / Knowledge / News / Textiles / PX spot prices continue ascending
PX spot prices continue ascending
04
Dec '09
PX spot prices in China continued to grow strongly on Thursday and prices of polyester products also generally increased by 100-200 Yuan per ton, which helped offset the negative impact of overnight plunge, in crude oil prices.

PTA futures continued to rally, the main contract 002 opened at 8,088, 72 points higher than the previous settlement, the contract moved higher all the way during the session, and consolidated before closing time.

Spot enquiries rose sharply in the morning hours, after which they tapered off. Suppliers were quoting at around 7,900 Yuan / ton to which, buyers made counteroffers around 7,750-7,800 Yuan / ton and some deals were also struck around 7,800-7,850 Yuan / ton.

Overseas offers from Taiwan and South Korea stood at US $950-955 for spot supply, with one individual higher offer touching $960 per ton, discussion in the morning was fair, with talk levels ranging around $945 per ton.

In the afternoon, PX spot displayed strong trends, coupled with rising discussion level led by spot inquiry, general offers rose to US $955-960 per ton with trading and negotiating level close to $950 per ton. In Jiangsu market, one deal of spot supply touched $950 per ton; sellers were reluctant sell below the price level.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Veronique Lee
Modavanti

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

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Steve Cole
Xerium Technologies

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search