Home / Knowledge / News / Textiles / PTA futures & spot market ascends
PTA futures & spot market ascends
31
Aug '10
Zhengzhou PTA futures opened higher amid consolidation on August 30, but the gains narrowed in the afternoon. Contract 1101 closed at 7,842 Yuan / ton, up 40 Yuan from the previous day.

Comments from the US Federal Reserve Chairman, Ben Bernanke boosted market sentiment. In addition, crude oil futures also closed higher, which also supported PTA price.

But the market is expected to continue its consolidation trend as the market price has maintained high levels in recent days. Fears over policy tightening and foreign trade situation continue to extend.

In upstream sector, crude oil futures at New York Mercantile Exchange (NYMEX) slightly lowered on August 30, ending the gains of three consecutive days. Investors still worry whether weak US and global economies can absorb record oil supplies.

In the spot market, PTA price in East China rose, selling intention from sellers rose to about 7,450 Yuan / ton, counteroffers from buyers were 7,350 Yuan / ton and mainstream discussion was carried out around 7,350-7,400 Yuan / ton.

PTA spot market sentiment increased in Asia, offers for Taiwan produced goods were US $900-905 / ton, market inquiries were positive, mainstream discussion was around $895-900 / ton, cargo holders were obviously reluctant sellers, firm offers were rare.

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: Kai Pilger from Pexels

Textiles | On 24th Apr 2018

Pakistan’s textile exports up 7.77% in July-March FY18

The value of textile and garment exports from Pakistan increased by...

Alliance to form joint entity for safety in factories

Apparel/Garments | On 24th Apr 2018

Alliance to form joint entity for safety in factories

On the 5th anniversary of the Rana Plaza Collapse, The Alliance for...

China’s Alibaba partners with Thailand for digital trade

Textiles | On 24th Apr 2018

China’s Alibaba partners with Thailand for digital trade

China’s Alibaba Group recently signed an agreement with the Thai...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Evelyne Cholet
UCMTF

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

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Ashok Desai
Bombay Textile Research Association

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mohammad Hassan
Biax Fiberfilm

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

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Judy Frater
Somaiya Kala Vidya

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

Yash P. Kotak
Bombay Hemp Company

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

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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