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  Purified Terephthalic Acid
PTA Highlights from 01-15, Nov 2009

After the bearish initiation, PTA price moved up steadily during the entire last fortnight. Since the many of downstream buyers had finished with their limited PTA stocks, tides of replenishment cause bullish rally. In the mid of the first half of the last fortnight unexpected price rally broke the price deadlock among the buyers and sellers. By the end of the first half of the last fortnight PTA future pick up the bullish undertone following to stock market due to which lower offer vanish from the market and genuine trading enquiries turned active.

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