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Chinese PTA plants operating at near 90% rates
Apr '10
China's PTA main contract TA1009 fell yesterday. The contract opened at 8,628 Yuan, to touch a high of 8,636 Yuan, low of 8,556 Yuan, to finally close at 8,556 Yuan, down 62 Yuan or 0.72 percent from the previous trading day.

The overall domestic operating rate of PTA plants in China is 89 percent, representing a slight increase, from the same time of the previous year. Recently a 600,000 tons per annum PTA plant of Zhejiang resumed output after a turnaround.

In the Chinese domestic PTA market, it stood at 8,110 Yuan / ton, down 10 Yuan from the previous trading day. Ethylene glycol was quoted at 7,720 Yuan / ton, down 30 Yuan.

In case of PTA imported from overseas markets, it was quoting at US $963 per ton, down $2 per ton from the previous trading day and ethylene glycol was reported at $932 per ton, down $5 per ton.

In the upstream raw material market, Naphtha fell by $3 to $731-735 per ton (CFR Japan); heterogeneous grade MX rose by $6 to $902-903 per ton (FOB Korea) and Asian PX was stable at $1008-1009 per ton FOB Korea.

In the downstream product markets, semi-dull polyester chip was quoting at 9,775 Yuan / ton, down 25 Yuan from the previous trading day and PET bottle chips were reported at 10,650 Yuan / ton, which remain unchanged.

Polyester FDY150 was reported 11,850 Yuan / ton, which also stayed unchanged and polyester stable fiber (psf) 1.4D was quoted at 10,430 Yuan / ton, which also remained unchanged.

Fibre2fashion News Desk

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