Home / Knowledge / News / Textiles / PTA surges at Zhengzhou commodity exchange
PTA surges at Zhengzhou commodity exchange
13
Oct '10
The main PTA contract 1101 at Zhengzhou Commodity Exchange opened at 8540 on October 12, and moved all the way higher during the session and finally closed at 8640 Yuan per ton, to realize an increase of 280 points, from the previous day. During the day, the contact touched an intraday low of 8452.

PTA maintained increasing trend in East China, offers from sellers rose to 8200-8300 Yuan / ton; however buyers were looking in the range of 8150-8200 Yuan / ton, transactions were moderate.

PTA import market was flat, trade atmosphere looked dull, offers for Taiwan stock were around US $1,000 / ton, and actual negotiations were around $985-990 / ton, sellers appeared to be reluctant sellers, transactions were scarce. Offers for South Korean stock stood at around $980 / ton, actually negotiated price was around $975 / ton.

The price of semi-dull chip stocks was 10,750 Yuan / ton, (to be delivered to buyers with 3 months acceptance), mainstream price was 10600-10650 Yuan / ton (payment in cash).

The price of bright chip stocks was 10,600 Yuan / ton, to be delivered to buyers with 3-months acceptance, mainstream price was 10550 Yuan / ton with payment in cash.

Spot price of CDP chips was 11,500 Yuan / ton, to be delivered to buyers with six-month acceptance. Transaction price of PET bottle chips was 10,600 Yuan / ton.

Trade volume of polyester chips was small. Market focus of polyester staple fiber moved higher, market price was 12,800 Yuan / ton. Price of viscose staple fiber rose to 21,000 Yuan / ton.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Urs Stalder
Sanitized AG

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

Marten Alkhagen
Swerea IVF AB

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

Ritu Kumar
Label Ritu Kumar

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

Sonam & Paras Modi
SVA

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
February 2017

February 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