Home / Knowledge / News / Textiles / Chinese PTA prices to move higher on tight supply
Chinese PTA prices to move higher on tight supply
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

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Indian textile value chain

'One nation, one tax' is a great concept

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Urmil Arya

Sushila International, a well established textile organisation established ...

Kerem Durdag
Biovation II LLC

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

Mohammad Hassan
Biax Fiberfilm

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

Urs Stalder
Sanitized AG

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search