Home / Knowledge / News / Textiles / Chinese PTA spot prices continue to rebound
Chinese PTA spot prices continue to rebound
19
Jan '10
In the previous week, PTA spot prices continued to rebound amid shocks, mainly due to strong pick-up in prices of polyester products, while also being influenced by rumours of anti-dumping news.

Earlier in that week, most domestic offers lifted to 8,100 Yuan per ton, though counter offers from buyers remained at 7,900-7,950 Yuan per ton, while mainstream transaction level was at 8,000 Yuan per ton.

Buyer's inquiries for overseas spot were active, seller's offers were mainly more than US $970 per ton, and counteroffers of buyers were about $955-960 and actual level of discussions was at $960 per ton.

PTA futures continued to rise during the mid-week, combined with skyrocketing price of MEG along with prices of polyester products beginning to rise significantly.

Being impacted by the news that the central bank raised the reserve ratio, commodities futures, broader stock markets closed lower on Wednesday, but the market picked up again on Thursday under fundamental support.

From Thursday - Friday, domestic offers of PTA, spot rose to about 8,150 Yuan per ton, negotiations were around 8,050-8,100 Yuan per ton and some deals were made at about this level on Friday.

Offers for spot produced in Taiwan were few, a few trades was reported at $980 per ton or above, transaction level was at $970-975 per ton, offers for spot produced by South Korea was at about $970 per ton, while negotiation level was at about $960-965 per ton.

Fibre2fashion News Desk

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Stefano Gallucci (left), CEO, Santex Rimar Group, and Tamer Hasbay, President, Has Group; Courtesy: Santex Rimar

Textiles | On 24th Jan 2017

Santex Rimar to market all Has products globally

Italy based Santex Rimar Group has signed an agreement with Turkey...

Interviews View All

Mandeep Nagi
Shades of India

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

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Pranav Mishra
Huemn

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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