Home / Knowledge / News / Textiles / PTA markets continue to adjust
PTA markets continue to adjust
16
Jan '10
In the last seven days, global stock markets fell and prices of crude oil futures and gold futures also dropped, due to an impact in the increase of the deposit reserve ratio by 0.5 percent. Crude oil futures prices fell sharply and fell to below US $80. The decline in crude oil price caused PX price to move lower.

PTA market continued to adjust, market trade was not active, domestic offers stood at 7,900-8,000 Yuan per ton and overseas offers touched US $950 per ton. MEG prices looked relatively firm, mainstream discussion in domestic market ranged in between 8,200-8,250 Yuan per ton and overseas offers were at $1000 per ton.

Pre-bids of polyester chips for January contract of Sinopec Group were 9,500 Yuan per ton for semi-dull, 9,500 Yuan per ton for bright, 9,500 Yuan per ton for chips to produce industrial filament and 10,300 Yuan per ton for full-dull chips.

Market supply of polyester chips was insufficient, market trade improved; price focus moved up, mainstream level in the market ranged in between 9,800-9,900 Yuan per ton. Pre-bids of polyester staple fiber for January contract of Sinopec Group were 10,000 Yuan per ton for 1.4D semi-dull, 10,600-10,650 Yuan per ton for 1.2D bright.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

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

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Kerem Durdag
Biovation II LLC

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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