Home / Knowledge / News / Textiles / PTA likely to stay volatile at high levels - experts
PTA likely to stay volatile at high levels - experts
29
Sep '10
Zhengzhou PTA futures remained in high-level consolidation on September 28. The main contract 1101 closed at 8,246 Yuan / ton, up 0.37 percent from the previous day.

As upstream PX rise sharply, lifting costs, it will be easier for PTA prices to rise, but difficult to fall. In addition, the upcoming fall season also increases demand for PTA. However, experts point out that, PTA may be volatile at higher levels.

Asian PX closed at US $1044.50-1045.50/ ton FOB Korea, and $1059.50-1060 .50 / ton CFR Taiwan on September 27, up $19 from the previous day.

In the spot market, Asian PTA appeared firm, a few offers for Taiwan goods were around $970 / ton, discussion over cargoes focused on $960-965 / ton, and discussion over South Korea produced goods was around $945 / ton, trading atmosphere was good.

In East China, PTA market remained strong, price for small amount of spot goods was around 8,000 Yuan / ton, downstream plants were actively seeking for goods, sellers were reluctant to sell at cheap price, mainstream talks were around 7950 Yuan / ton.

In downstream polyester filament market, in Jiangsu-Zhejiang region, manufacturers quoted higher by 100-200 Yuan per ton, individual goods rose by even 300 Yuan per ton.

FDY from a major plant rose 200 Yuan per ton, DTY rose 100 Yuan per ton, and POY rose 100 Yuan per ton. Mainstream factories in Xiaoshan and Shaoxing areas generally increased DTY price by 100-200 Yuan per ton and POY by 200 Yuan per ton.

Polyester staple fiber market rose, mainstream market quotation was around 12300-12510 Yuan / ton, transaction focus increased to 12200-12400 Yuan / ton, demand was strong, trade volume increased.

Fibre2fashion News Desk - China


Must ReadView All

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Siddharth Biyani
Mangalam Industries Pvt Ltd

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

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Kerem Durdag
Biovation II LLC

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

Suresh Patel
Sidwin Fabric

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

Marten Alkhagen
Swerea IVF AB

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

Sonam & Paras Modi
SVA

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

January 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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
8.2%
Skip
9.3%

Total Votes: 97


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