Home / Knowledge / News / Textiles / Future trends of PTA not optimistic
Future trends of PTA not optimistic
26
May '10
In recent years, production capacity of China's PTA and PX has realized rapid expansion, due to which external dependence has gradually reduced, but import dependency of crude oil has increased for upstream raw materials, so cost is still an important factor, in price movement of PTA.

PTA prices have dropped rapidly in recent times. The cumulative drop is about 1,120 Yuan / ton or 13.04 percent. But cost support is difficult to reflect in the short term, due to substantial decrease of upstream crude oil, naphtha and PX prices.

PTA futures are weaker than LLDPE and PVC. NYMEX front-month crude fell from US $86 to $70 per barrel, a decline over 18 percent. Naphtha too followed suit and fell from above $780 to around $640 in Asian markets.

PX Asian prices also plunged from $1,050 per ton to around $900 per ton. But surplus situation has not improved in the market, so PTA spot prices are difficult to receive support from price decline of upstream market.

In view of front-month contracts, PX domestic prices have lowered from 8,300 Yuan / ton to 7,400 Yuan / ton; prices may fall further to 6,500 Yuan / ton, if supply pressure will not reduce when consumption gets into off-season.

Currently, PTA Chinese spot price has fallen to 7,350 Yuan / ton, as polyester chips and polyester filament markets are weak. Price difference between cotton and PTA is expected to reduce in the future.

The average historical spread between contract CF1009 and contract TA1009 is about 6,570 Yuan / ton. The future trend of PTA is not optimistic, as short-term stability is difficult to change medium-term weakness.

Fibre2fashion News Desk

Must ReadView All

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Textiles | On 26th Apr 2017

Gap, Athleta to increase use of sustainable fibres

Gap, one of the world's most iconic apparel and accessories brand and ...

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kevin Nelson
TissueGen

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

Mike Hoffman
Gildan Activewear SRL

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

Jay Ramrakhiani
Occasions Elegance Wear

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

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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