Home / Knowledge / News / Textiles / PTA expected to witness intensified shocks in short term
PTA expected to witness intensified shocks in short term
15
Dec '09
The main PTA futures contract 1002 at Zhengzhou widely fluctuated on December 14. Settlement price rose 36 points, or 0.46 percent compared with December 11 and the PTA markets are expected to witness intensified shocks in short term.

The news that, the emirates of Abu Dhabi will provide for US $10 billion of the $55 billion debt of the Dubai government, provided stimulation for investors to re-invest funds in higher risk assets.

Raw material of Paraxylene closed firm last Friday. In Asian market, FOB South Korea closed steady at US $1,123.25-1,124.25 per ton and CFR China closed up by $2 to $1,140-1,141 per ton.

Northwestern Europe rose by $30 to $1,025 per ton, FOB Rotterdam following the Asian rally.

PTA spot market conditions continued to slump down on Monday, offers by sellers in domestic material market fell to 7,750-7,800 Yuan / ton. Overseas offers were around $950 per ton and trade volumes remained relatively light.

In general, international oil price which slipped below the $70 per barrel mark increased negative effects on PTA. Moreover, although operation rate of downstream polyester enterprise was at 78 percent, stock pressures gradually accumulated.

The market will enter traditional low season from mid-December and exports will continue to decline.

Fibre2fashion News Desk - China

Must ReadView All

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 ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kevin Nelson
TissueGen

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Tony Ward
Tony Ward

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search