Home / Knowledge / News / Textiles / PTA spot market polarized on Tuesday
PTA spot market polarized on Tuesday
09
Dec '09
PTA spot market was sharply polarized on Tuesday. Futures fell sharply in the morning, polyester products moved lower, price trade sentiment in PTA spot was obviously insufficient, due to which, domestic offers fell back to 7,900-7,950 Yuan per ton, while buyer's intention was close to 7,800 Yuan per ton.

Overseas offers fell to US $955-960 per ton, but buyer's counteroffers were scarce, and a few bids were sealed at $945-950 per ton. PTA futures rebounded in the afternoon, spot market stabilized, domestic offers gradually moved up to about 7,850-7,870 Yuan per ton.

Counteroffers of overseas buyers stood at around US $950 per ton, inquiries also increased, mainstream transactions were made between $950-955 per ton.

A major supplier in Taiwan planned to shut down its No. 3 PTA plant (with 700,000 tons of capacity) for maintenance in a few days. Another PTA plant has also shut down its device for maintenance since late November. They both plan to resume operations in mid-December.

Jinling Petrochemical also plans to overhaul its PX plant (600,000 tons) from December 4 and maintenance time is estimated for 45 days and restarting time is scheduled around mid-January 2010.

PX spot quotes maintained at US $1150 / ton CFR, buyer's bids were around US $1140-1145 / ton CFR.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Larry L Kinn
Suominen Corporation

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

Ashok Desai
Bombay Textile Research Association

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

Kevin Nelson
TissueGen

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Sonam & Paras Modi
SVA

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

Tony Ward
Tony Ward

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

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
January 2017

January 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