Home / Knowledge / News / Textiles / Zhengzhou PTA futures decline
Zhengzhou PTA futures decline
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

Apparel/Garments | On 25th May 2017

AAFA reinforces opposition to Border Adjustment Tax

The American Apparel & Footwear Association (AAFA) has reinforced its ...

Textiles | On 25th May 2017

Schlafhorst launches 2.5 millionth Autoconer unit

Schlafhorst, Germany’s leading textile machinery firm, has announced...

Textiles | On 25th May 2017

Mexican textile firm installs Monforts Montex 6500 stenter

Tizayuca Textil Vuva SA de CV, a vertically integrated producer of...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Kerem Durdag
Biovation II LLC

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

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...

Mike Hoffman
Gildan Activewear SRL

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

Sonam & Paras Modi

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

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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:
May 2017

May 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