Home / Knowledge / News / Textiles / PTA futures close higher
PTA futures close higher
Jul '10
The most active contract 1009 at Zhengzhou PTA futures opened at 7,182 Yuan / ton on July 23 and touched a high of 7228 Yuan / ton, a low of 7162 Yuan / ton to finally close 7200 Yuan / ton, 88 Yuan higher than the settlement price on July 22.

Asian PX closed at US $847.50-848.50/ ton (FOB Korea) and $862.50-863.50/ ton (CFR Taiwan) on July 22, up $1 from the previous day.

In the Chinese domestic spot market, market sentiment of PTA in East China was light; offers for spot were around 7,100 Yuan / ton, market traders showed poor interest, buyer's inquiries were light. Mainstream talks were towards lower-end of 7000-7050 Yuan / ton range.

PTA spot in Asian market set back, a few offers for Taiwan produced goods stood around $855-860/ ton, a few inquiries were at about $850/ ton, talks focused towards lower-end at $850-855 / ton range, but, however, firm offers were light.

In the downstream market, despite rise in crude oil prices, semi-dull chip markets in Jiangsu and Zhejiang were still stable on the day, most factories were adopting a watch and wait sentiment. Offers were mostly in the range of 9000-9100 Yuan / ton (by cash or by three-month acceptance) with actual negotiations ranging between 8950-9050 Yuan / ton.

Mainstream offers from polyester staple fiber manufacturers were reported at 9400-9500 Yuan / ton, actual negotiation level was 9250-9500 Yuan / ton. Trends in polyester fiber markets in Jiangsu and Zhengjiang were mixed.

Fine denier POY and FDY still had demand, while coarse denier FDY softened, DTY provided more discount in offers. Present price of polyester POY in mainstream discussion marked 11200-11250 Yuan / ton; polyester FDY was reported at 12,100 Yuan / ton, polyester DTY stood at 12500-12650 Yuan / ton.

PTA is still difficult to reverse the temporary situation of oversupply judging from a fundamental perspective, as international crude oil rises sharply, PX spot is flat, spot market and downstream market increase slightly amid basic steadiness.

Fibre2fashion News Desk

Must ReadView All

Textiles | On 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Textiles | On 27th Oct 2016

Fischer Konzept installs sixth Zünd digital cutter

Fischer Konzept, German developers of individual packaging solutions...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

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

Sonam & Paras Modi

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

Judy Frater
Somaiya Kala Vidya

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search