Home / Knowledge / News / Textiles / Zhengzhou PTA futures decline
Zhengzhou PTA futures decline
27
Oct '10
PTA contract 1101 in Zhengzhou market closed down 0.37 percent to 8716 Yuan per ton on October 26, downstream demand did not rapidly decline, which helped in providing further support to the market.

December crude oil contract at the New York Mercantile Exchange (NYMEX) closed up US $0.83 or 1.02 percent to US $82.52 a barrel on October 25. The increase of crude oil price will expand chemical costs and will prove favorable for futures price.

Mainstream trade of PTA in Jiangsu and Zhejiang areas was steady at 8430 Yuan / ton. Operating rate of PTA plants is stable at 81 percent; operating rate of downstream polyester sector is steady at 84 percent.

In Shengze fiber market, polyester filament market increased, market atmosphere improved especially production and sales of POY increased. Operation rate of downstream weaving sector was stable. Fiber spinning factories intended to raise their prices, as October settlement of polyester raw materials and chips has been introduced.

Mainstream price of semi-dull chips was generally around 10,700 Yuan per ton in cash payment, while mainstream price of super bright chips was generally at 10,600 Yuan per ton.

CDP chips were traded at 11,550 Yuan per ton with 6-months acceptance to be delivered to buyers. PET bottle chips were generally traded at 10,900 Yuan per ton to be delivered to buyers.

Fibre2fashion News Desk - China


Must ReadView All

US merchandise trade with India, 2012–16; Courtesy: USITC

Textiles | On 27th Jul 2017

India becomes US’ 9th largest trading partner in 2016

In 2016, India became the United States’ 9th-largest single-country...

Textiles | On 27th Jul 2017

GST will lead to further increase of MMF prices

The Goods & Services Tax (GST) rolled out on July 1, 2017 is not...

Textiles | On 27th Jul 2017

Global yarn production improved 30% q-o-q in Q1: ITMF

In the first quarter of 2017, global yarn production rose by almost...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Rupa Sood and Sharan Apparao
Nayaab

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

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...

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

July 2017

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

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X