Home / Knowledge / News / Textiles / Zhengzhou PTA futures vibrates at high level
Zhengzhou PTA futures vibrates at high level
Oct '10
PTA futures in Zhengzhou Commodity Exchange vibrated at high level on October 14. Main contract 1101 closed at 8,800 Yuan / ton, up 0.82 percent from the previous day. Sharp increase of cotton price has boosted demand of chemical fibers, due to which sales of polyester fibre have enlarged.

Cruel oil firmed up above US $80 / barrel, PX stabilized and rebounded, costs drove demand.

Expectation of relaxing liquidity is still strong. Experts aver that, PTA has further space for rise. Downstream demand is good at present, stocks remain at low level, and therefore, PTA market is expected to remain above normal level amid volatility.

Light sweet crude for November at New York Mercantile Exchange settled down 32 cents to US $82.69 a barrel, down 0.4 percent, the contract touched a high of $ 84.12 / barrel in the session.

Asian PX rose $43 / ton to $1,190 / ton on October 13. Mainstream PTA price rose 35 Yuan to 8,420 Yuan / ton in Jiangsu and Zhejiang area. Operating rate of PTA plants has fallen to 80 percent and that of downstream polyester holds steady at 85 percent.

In spot market, offers for domestic PTA stabilized; offers and negotiation focus slightly rebounded from Wednesday afternoon. Seller's offers for high-quality supply were closer towards 8500 Yuan / ton, counteroffers from buyers were at 8400 Yuan / ton and mainstream trading price was around 8400 Yuan / ton.

Offers for overseas spot were firm in the morning, quotation for Taiwan goods was around $1,060 / ton, and transaction talks for cargo spot were around $1045-1050 / ton. Offers for South Korea produced spot were $1025-1030 / ton; mainstream trading price was around $1,035 / ton.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marten Alkhagen
Swerea IVF AB

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

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sonam & Paras Modi

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

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


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


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