Home / Knowledge / News / Textiles / PTA futures display weak sentiments
PTA futures display weak sentiments
08
Mar '10
In the previous week, PTA futures market sentiment was weak. On Monday, last week, PTA futures opened higher but moved lower and stock quotes of domestic goods fell to 8,100 Yuan / ton, but buyers sought in the range of 8000-8050 Yuan / ton.

Spot offers for Taiwan goods dropped to US $970 per ton, trade level fell to US $965-970 per ton, negotiation level for South Korea's goods was about US $935-940 per ton, but actual trade was weak on Monday.

On Tuesday, spot price of domestic goods fell back to 8000-8050 Yuan / ton, and buyers were looking at quotes at around 7950-8000 Yuan / ton. Offers for Taiwan's spot PTA dropped to $960 per ton and for that of Korean spot ranged in between $930-935 per ton.

On Wednesday, PTA spot remained steady at prices quoted on Tuesday. Offers for Taiwan's spot PTA pointed towards $960-965 per ton, counter-offers from buyers were about $955 per ton. South Korean PTA spot prices too stayed steady at levels attained on the previous day.

On Thursday, PTA spot continued to be weak; offers for high-quality spot mostly 7900-7950 Yuan / ton. Taiwan's spot price showed intention at about $960 per ton; counter-offers by buyers were about $950-955 per ton. South Korea's spot was offered at $935-940 per ton; however talk level was around $930 per ton.

On Friday PTA, spot market once gain fell to 7850-7950 Yuan levels, with counteroffers from buyers even more lower. Taiwan cargo were generally quoted in range of $950-955 per ton, negotiation level was around $950 per ton, discussion price for Korea's cargo was around $930 per ton.

Fibre2fashion News Desk

Must ReadView All

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Textiles | On 23rd May 2017

Grasim's VSF business net revenue up 12% in Q4 FY17

The viscose staple fibre (VSF) business of Grasim Industries has...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Marten Alkhagen
Swerea IVF AB

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Suresh Patel
Sidwin Fabric

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

Bani Batra

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

Rupa Sood and Sharan Apparao
Nayaab

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

Silvia Venturini Fendi
Fendi s.r.l

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

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:
May 2017

May 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