Home / Knowledge / News / Textiles / Zhengzhou PTA futures vibrates at high level
Zhengzhou PTA futures vibrates at high level
15
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

Apparel/Garments | On 27th Jun 2017

Vietnam to build fashion, textile, trading centres

Vietnam's Ho Chi Minh City will build large centres for designing...

Textiles | On 27th Jun 2017

Barcelona’s Unitin develops recycled Indigo yarns

Unitin, a trademark of Industrias Morera SA and a leading textile...

Information Technology | On 27th Jun 2017

ThreadSol to bring fabric solutions to Thailand

ThreadSol, an enterprise material management provider for the sewn...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Jurgen Gauger
Spreadshirt

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

Eric Scholler
Groz-Beckert

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

Mohammad Hassan
Biax Fiberfilm

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Ritu Kumar
Label Ritu Kumar

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

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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