Home / Knowledge / News / Textiles / Zhengzhou PTA futures soften amid volatility
Zhengzhou PTA futures soften amid volatility
Nov '10
Zhengzhou PTA futures soften amid volatility on October 29. The main contract 1105 opened at 9,066 Yuan / ton, intraday high hit 9,124 Yuan / ton, lowest mark fell to 8,966 Yuan / ton and finally closed at 9,012 Yuan / ton, down 60 Yuan or 0.66 percent from the previous day.

Pressure on macroeconomic environment has increased, downstream sector tends to wait and watch. However, crude oil price stood above US $80 per barrel and PX price continued to rise, giving support to PTA. Spot market, downstream sector and cotton market are firm, PTA market is expected to maintain an adjustment posture, but the market still has some room to rise.

In plant related news, Shanghai Petrochemical, Ningbo Formosa Chemicals and Dalian Yi Sheng started maintenance in October. Maintenance of a number of Asian plants in September and October has affected supply of Asian PTA.

In downstream sector, MEG price fell, semi-dull chips and super bright polyester chips were under price consolidation and CDP chip price unchanged. Mainstream price of semi-dull chips was 10,700 Yuan / ton (cash payment).

Mainstream price of super bright chips was quoted at 10,600 Yuan. CDP slice in spot market was assessed at 11,550 Yuan / ton (six-month acceptance) and PET bottle chip prices stood at 10,900 Yuan / ton.

According to reports emanating from the Ministry of Commerce, China increased imports of crude oil from Saudi Arabia, Iran, Iraq and Kazakhstan in September. Imports from Saudi Arabia ranked first at 4.498 million tons, up 18 percent compared with August; those from Iran were 2.446 million tons and from Iraq, 1.41 million tons.

China's September purchase of crude oil was 35 percent over the original plan and has now become the second largest oil consumer after the United States.

Fibre2fashion News Desk - China

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

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Hannah Lane

Encouragement from brands will motivate supply chains to become more...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Pranav Mishra

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

Bani Batra

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

Wendell Rodricks
Wendell Rodricks

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

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:
July 2017

July 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