Home / Knowledge / News / Textiles / Chinese PTA prices to move higher on tight supply
Chinese PTA prices to move higher on tight supply
18
Jan '11
Recently polyester filament price have started rising, driving PTA spot prices higher and as liquidity constraints have eased, downstream weaving sector will enter period of stocking up on inventories.

Naphtha price is volatile on high level at present. Spread of main products based on crude oil or production profit has moved higher amid shocks since last August, reflecting improved fundamentals of oil market.

Some Chinese domestic PX manufacturers plan to gradually shut down for maintenance in January, due to which supply has decreased, leading to a firmer cost support to PTA.

From a longer-term perspective, rapid amplification of ethylene production capacity results in insufficient naphtha supply. In the fourth quarter of 2010, prices of naphtha, MX and PX rose sharply, of which PX price rose more than 30 percent.

PX price will be difficult to see substantial decline in 2011, which will provide strong cost support to PTA.

According to data from Sinopec, China will have new polyester production capacity of between 3.6-6.0 million tons. As per estimates, new polyester capacity will consume 3.1-5.16 million tons of PTA, which is significantly higher over the new expansion of PTA production capacity.

Fibre2fashion News Desk


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marten Alkhagen
Swerea IVF AB

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

Marcel Alberts
Eurofibers

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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:
June 2017

June 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