Asian PTA prices tumbled down in the last week ending Jan 9, due to ample of product availability coupled with weak upstream energy prices in the region.
In FE Asia, dropped by US$ 40/ton or 6.30 per cent and were assessed at US$ 595/ton last week, as compared to its previous week.
In SE Asia, average PTA prices declined by US$ 40/ton and were quoted at US$ 615/ton last week, down 6.11 per cent from its previous week.
In the Indian market, PTA average prices also dipped by US$ 40/ton and were offered at US$ 615/ton last week, as against its previous week, a decrease of 6.11 per cent.
In China too, average prices went down by US$ 35/ton or 5.56 per cent from its previous week and were spotted at US$ 595/ton last week.
Fibre2fashion News Desk - India