Home / Knowledge / News / Textiles / PTA markets expected to gain in short term
PTA markets expected to gain in short term
13
Apr '10
In the just concluded week, PTA price in East China maintained a steady upward trend. The market price increased from 8,200-8,250 Yuan / ton in early part of the week to 8,250-8,300 Yuan / ton on Friday, a gain of 50 Yuan / ton in the week.

In early week, PTA futures opened higher amid volatility, due to the impact of continuous rise and recent new highs of crude oil, due to which, offers for PTA spot increased to 8300 Yuan / ton.

Towards the weekend, cargo holders were obviously reluctant sellers, the market maintained strong momentum and overall market sales of polyester turned better, which led to demand for PTA.

During the report week, the Asian PTA spot market showed a steady upward trend, price improved from US $990-995/ ton in early week to US $995-1000/ ton. CFR China (L/C90 days) too gained $5 in the week and for Taiwan produced goods it increased to US $1000 / ton.

Significant increase of textiles exports and very good polyester sales in downstream sector will provide some support to PTA production; therefore, Asian PTA is expected to steadily improve in future days.

Fibre2fashion News Desk

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Marten Alkhagen
Swerea IVF AB

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra
Huemn

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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
March 2017

March 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