Home / Knowledge / News / Textiles / Chinese PTA spot market turns sluggish
Chinese PTA spot market turns sluggish
23
Dec '09
Sales of polyester products slumped on Tuesday, spot market witnessed very low buying intentions from downstream sectors and combined with drop of PTA futures, PTA spot market looked even weaker.

Most domestic offers of PTA fell to 7,650-7,700 Yuan per ton, but buyers displayed intentions to buy around 7,600-7,650 Yuan per ton. In the morning, one deal was made at 7,650 Yuan per ton in Jiangsu market, one deal of spot goods (2000 tons) was made at 7,600 Yuan per ton in the afternoon.

Overseas offers further declined following the trends in the domestic markets and offers from suppliers of Taiwanese inventory fell to about US $930 per ton, firm offers for PTA from South Korea plunged to $920 per ton.

In Zhejiang market, one transaction was made at $925 per ton for bonded spot goods produced by Taiwan. Negotiation level of overseas offers is expected to be around $920-925 per ton on Wednesday as the market is holding a strong wait and watch attitude.

According to customs statistics, China's PX imports reached 188,000 tons in November 2009, down 61,000 tons from the previous month; import price was US $907.1 per ton. Total PTA imports achieved 470,000 tons, an increase of 72,000 tons from the previous month; import price was $837.7 per ton.

Fibre2fashion News Desk


Must ReadView All

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Courtesy: ITMA

Textiles | On 22nd Sep 2017

ITMA 2019 to focus on smart garment technologies

ITMA 2019, the world's largest textile and garment technology...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Evelyne Cholet
UCMTF

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

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

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...

Karan Arora
Karan Arora

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

September 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search