Home / Knowledge / News / Textiles / PTA surges at Zhengzhou commodity exchange
PTA surges at Zhengzhou commodity exchange
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

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Courtesy: Bombay Dyeing

Textiles | On 3rd Dec 2016

Bombay Dyeing to focus on retail; stops textile production

Bombay Dyeing, a Wadia group company, has decided to shift its focus...

Apparel/Garments | On 3rd Dec 2016

Q3FY17 net earnings slip 26.8% at denim retailer Guess

In the three months ended October 29, 2016, net earnings at denim...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Kerem Durdag
Biovation II LLC

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kevin Nelson

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

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

December 2016

December 2016

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


Browse Our Archives


Advanced Search