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 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Marcel Alberts
Eurofibers

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Mike Hoffman
Gildan Activewear SRL

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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
January 2017

January 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