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

Apparel/Garments | On 27th Jun 2017

Vietnam to build fashion, textile, trading centres

Vietnam's Ho Chi Minh City will build large centres for designing...

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Kevin Nelson
TissueGen

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Jay Ramrakhiani
Occasions Elegance Wear

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do 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

news category


Related Categories:
July 2017

July 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