Home / Knowledge / News / Textiles / PTA futures gain on Wednesday
PTA futures gain on Wednesday
Mar '10
PTA futures in Zhengzhou Futures market rose across the board on March 17; the most active contract 1005 jumped higher at the opening, but midway the pace slowed down.

The daily K-line closed higher at 8,218 Yuan / ton, up 180 points, or 2.24 percent, compared with March 16.

Analysis point out that raw material price of Paraxylene continued to decline, short-term demand was difficult to improve, PTA fundamentals looked still bearish.

However, more maintenance has been planned by Asian PTA plants, so the market is expected to extend gains in short term.

Market supply of Asian Paraxylene continued to increase, but the market lacked in demand. FOB South Korea closed down by $15.5 to $1,013-1,015 per ton on Tuesday and CFR China went down by $16 to $1,031-1,033 per ton.

PTA spot price increased in domestic market and overseas market on rebound of international oil prices overnight.

In East China, several offers were quoted at 8,000 Yuan / ton, however, actual negotiations were at 7,950 Yuan / ton, buyers appeared cautious in inquiry, actual transaction was light.

Offers for Taiwan goods and bonded goods stood at $970 per ton, offers for South Korean cargo were at $930 per ton.

Downstream production and marketing of polyester market was still poor and inventory pressures of polyester plants were greater.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 20th Oct 2016

Indian polyester market demand grows 14% in Q2 FY17: RIL

The Indian polyester market witnessed a demand growth of 14 per cent...

Fashion | On 20th Oct 2016

Replay to explore new markets in 2017

Replay, the iconic Germany based denim brand, is planning to get into ...

Textiles | On 20th Oct 2016

Pakistan proposes Rs200 bn for textile sector revival

A bailout package of Rs 200 billion has been proposed by the Pakistan ...

Interviews View All

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Suresh Patel
Sidwin Fabric

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

Mark Paterson
Technical Absorbents Ltd

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

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search