Home / Knowledge / News / Textiles / Petrochemical & polyester market round up
Petrochemical & polyester market round up
24
Mar '10
The benchmark PTA Contract 'TA1005' wavered down on March 23. It opened at 8,188 Yuan, touched a high of 8,216 Yuan, a low of 8,126 Yuan, to finally close at 8,148 Yuan, down 40 Yuan, or 0.49 percent compared with the previous day.

Recently positions of Contract TA1005 have been transferred to Contract 1009, so its trade volume and positions have declined. The level of industrial production and marketing chain is still low; therefore, market consolidation is expected to continue.

In domestic market, PTA was offered at 7,950 Yuan / ton, down 10 Yuan / ton from the previous session, MEG was quoted at 7,600 Yuan / ton, down 50 Yuan / ton.

PTA offer for overseas supply stayed at US $953 / ton, unchanged from the previous session, while offer for overseas supply of MEG stood at $915 / ton, down $5 / ton.

Naphtha rose $8 to $727-731 / ton CFR Japan; heterogeneous grade MX fell $12 to $895-896 / ton FOB South Korea; Asian PX fell $8 to $1006-1007 / ton FOB South Korea.

In the downstream products markets, semi-dull polyester chips were quoted at 9,650 Yuan / ton, down 25 Yuan / ton and PET bottle chips remained unchanged at 10,500 Yuan / ton.

Polyester FDY150 was quoting at 11,650 Yuan / ton, while polyester staple fiber 1.4D was reported at 10,300 Yuan / ton, both which remained unchanged from that of the previous day.

Meanwhile, a PTA plant with production capacity of 1.5 million tons in Dalian has recently started operations and is currently operating at 87 percent capacity.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 25th Sep 2017

SVP Group to build $300 mn spinning plant in Sohar

ShriVallabh Pittie Industries (SVP) Group, a diversified yarn...

Apparel/Garments | On 25th Sep 2017

Vietnam textile sector to gain if EU FTA gets ratified

Experts feel the Vietnam-European Union (EU) free trade agreement...

Courtesy: Business Wire

Textiles | On 25th Sep 2017

Invista to use ADN technology at joint project in France

Invista, a leading producer of chemical intermediates, polymers, and...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kevin Nelson
TissueGen

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Sonam & Paras Modi
SVA

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

Pranav Mishra
Huemn

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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