>>
Home / Knowledge / News / Textiles / High crude fails to stimulate PTA prices

High crude fails to stimulate PTA prices

21
Apr '08
Sky-rocketing international crude oil prices failed to speed up PTA prices in the domestic front. Since March 24, Zhengzhou PTA has seen slump of as much as over 600 points, depicting a severe fall after it rebounded during New Year festival.

The main reason behind the poor performance of PTA is that, during April textile and apparel demand failed to show any sign of prosperity. In this time, resulting in poor demand from downstream PTA market, particularly terminal demand has lost confidence; the market has overlooked increased PTA support from downstream crude oil under the prevailing atmosphere of pessimism.

On one hand, after international crude oil prices surged, PX spot supply and demand of global market seemed tight and re-gained momentum for short term transactions with increased PTA cost support. On the other hand, PTA underwent a substantial adjustment in previous time; domestic PTA spot has declined nearly 300 yuan per ton below costs. Therefore, PTA requests short-term technical rebound, but terminal demand deterioration will inhibit its rebound space.

In the past week, domestic market of PTA was relatively dull, but PTA spot market saw stability. Mainstream price ranged 7750-7800 yuan per ton, for cash payment and out cans, by the end of the week. Mainstream offers from Taiwan and South Korea were still stable at US $965-968 per ton (CFR China 90 days).

Calculated on April PX price at $1260 per ton CNF China settlement, cost of domestic PTA providers is about 7,950 yuan per ton, it will be more higher to likely about 8,050 yuan per ton, if taking consideration of increases of other material costs in 2008, in this case, domestic manufacturers will lose nearly 300 yuan in producing one ton of PTA. It is also expected that majority of domestic PTA manufacturers will cut back their production.


Must ReadView All

Pic: Shutterstock.com

Apparel/Garments | On 26th May 2022

US apparel import from India jump 44% in March compared to Oct ’21

Apparel imports of the United States from India stood at $625.830...

Pic: Shutterstock

Retail | On 26th May 2022

American retailer Abercrombie & Fitch posts $813 mn sales in Q1 FY22

The net sales of Abercrombie & Fitch Co. were $813 million in the...

Pic: craig hastings | Dreamstime.com

Textiles | On 25th May 2022

German GDP rises by 0.2% in Q1 2022 over Q4 2021: Destatis

Germany’s GDP rose by 0.2 per cent in the first quarter (Q1) of 2022...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Uniform designing is a numbers game

Textile Industry, Head honchos

Textile Industry
Head honchos

Delay in adopting water sustainability both financially & environmentally...

Textile Industry, Head honchos

Textile Industry
Head honchos

Global supply chain collapsed during the pandemic

Andrea Pelissero,

Andrea Pelissero

Located near Milan, Italy, and with 50 years of experience in the textile...

Daniele Uboldi,

Daniele Uboldi

EptaInks is the screen-printing division of Eptanova, a company that...

Axel Gómez-Ortigoza,

Axel Gómez-Ortigoza

Using cutting-edge technology modelled on nature’s own design, Spain-based ...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Silke Brand-Kirsch, Glatfelter

Silke Brand-Kirsch
Glatfelter

Glatfelter is a leading global supplier of engineered materials. <b>Silke...

Barbara Biosah, Label - Dumebi

Barbara Biosah
Label - Dumebi

Label DUMEBI is a luxury womenswear brand specialising in unconventional...

Timna Weber, Label - Timna Weber

Timna Weber
Label - Timna Weber

London-based sustainable high-end eponymous womenswear label, by designer...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

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

Leave your Comments

ESTEEMED CLIENTS

KAS Direct Sourcing
Datatex Consulting Srl
Puma
Nihalani Events Management
Jiangsu Yingyang Nonwoven Machinery Company Limited
ITMA Services Pte Ltd
John Varvatos
Messe Duesseldorf
Permoda(Koaj/Armi/Pronto/Bkul)
THE BOMBAY DYEING ;& MFG.CO. LTD
GHCL LIMITED
Istanbul Fuarcilik A.S.
Grasim Industries Limited
GERBER TECHNOLOGY LTD.
Maceton Limited
Gatsby Africa
Messe Frankfurt Exhibition GmbH
VNU Exhibitions Asia
Seasalt Limited
Cat Tuong Real Estate Group Joint Stock Company
Thai Acrylic Fibre Company Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
Tory Burch Hong Kong Ltd
Tradewind International Servicing
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
LC Waikiki
BTSR International S.P.A.
Guess Europe Sagl,
Abit
OVS Hong Kong Sourcing Ltd.
Aramark Uniform ;& Career Apparel, LLC
Taiwan Textile Federation (TTF)
DyStar India Pvt. Ltd
Lacoste (Wanchai)
CSGIA(China Screen Printing & Graphic Imaging Association)
Lectra Technologies India Pvt Ltd.
Recron Polyester from Reliance Industries Limited
Restoque S.A.
Woolmark Services India Pvt. Ltd.
Rayonese Textile Inc., Division de Culp Inc.
Performance Days
Groz-Beckert East Asia LLP
Under Armour Global Sourcing Ltd
KIABI
TESCO INTERNATIONAL SOURCING LIMITED
Reiter India Private Limited
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Alix Partners
Boardriders Asia Sourcing Limited
ZAITEX spa
Itema Weaving (India) Private Limited
Meera Dyestuff Industries
International Sourcing Expo Australia
Desigual - ABASIC, S.A.
Inter Expo Center Ltd.
Eastman Chemical Company
GIOVANNI BOZZETTO S.p.A.
Indofil Industries Limited - Specialty & Performance Chemicals Division
Lululemon Athletica Inc
China World International Exhibition Company Limited
SYNERGIES HONG KONG LIMITED
MAS Active / MAS Kreeda / MAS Bodyline
USTER
Sportswear Company Spa
The LYCRA Company Singapore  Pte. Ltd
UBM China (Shanghai)
Stahl Holdings B.V.,
Sateri (Jiujiang) Fiber Co.,Ltd
Gap International Sourcing Limited
Amazon China
Infor (Hong Kong) Limited
NV Michel Van de Wiele
APLF Limited
Karl Mayer Textilmaschinenfabrik GmbH
SHAHI Exports Pvt Ltd
Tchibo GmbH
Truetzschler India Private Limited
Benetton Group
Kornit Digital Asia Pacific Ltd
Arvind Limited
TESTEX AG, Swiss Textile Testing Institute
Jindal Worldwide Limited
Lenzing Aktiengesellschaft - India
Equinox Impex India
Thai Trade Center
Varner AS Retail
International Textile Manufacturers Federation
Copenhagen Fashion Summit
Savio Macchine Tessili S.P.A.
Mesdan SPA
Bluesign Technologies Ag
G-Star Raw C.V.
Nandan Denim Limited
EPCH
Splash
Asos
Weitmann & Konrad GmbH & Co. KG
Zünd Systemtechnik AG
C;&A Sourcing International Ltd
Gloria Jeans
IIGM Private Limited
BRINKMANN GMBH
Tuyap Tum Fuarcilik Yapim A.S.
Applied DNA Sciences Inc
Officina Meccanica Dora Enrico Srl
Lisa S.P.A.
Indo Tex
Chico’ FAS
Lottmann Communications
Coats Digital Limited
Centric Software
Flainox S.r.l.
J ;& P Coats
Etam Group Strategy Hong Kong Limited
Hela Clothing Pvt Ltd
K AND D ITMACH EXPOSITIONS LLP
Haelixa AG
T.T. Limited
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Palexpo SA
NITI Aayog
Landmark Group
BTC Textiles LLC
Babyshop
Phong Phu international JSC (PPJ)
PVH Corporation
Shanghai  Aige Exhibition Service Co., Ltd
Page Industries Limited (Bangalore)
Decathlon
Color Service s.r.l.
Bluestem Global Sourcing Limited
FESPA (Reigate)
IFF Media Ag - International Media Services
Pt. Peraga Nusantara Jaya Sakti
Italian Trade Commission
TÜYAP IHTISAS FUARLARI A.S.
Brückner Trockentechnik GmbH & Co. KG
Walmart
Saurer Textile Solutions Pvt. Ltd.
X-Rite Asia Pacific Limited (HK)
IDH – The Sustainable Trade Initiative
Groz-Beckert KG
Eurofins BLC Leather Technology Centre Ltd
Brandix Lanka Limited
Zydex Industries
Comasia Limited
Vardhman Textile Ltd
Thermore (Far East) Ltd.
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Lifestyle
H. Stoll AG & Company KG
Mayer & Cie. GmbH & Co. KG
The Top Form Brassiere Manufacturing Company Limited
FULGAR SpA
JES MEDIA, INC
Target Corporation (MN)
Recron Polyester from Reliance Industries Limited
Gokaldas Exports Limited
IKEA of Sweden AB
Loris Bellini S.r.l.
Rieter India Private Limited
Huntsman (Singapore) Pte Ltd
BIMBA ;& LOLA SL
COTTON COUNCIL INTERNATIONAL
DuPont de Nemours, Inc.,
Vianney Textil Hogar S.A. De C.V.
Shima Seiki Mfg. Ltd.
BIANCA
Chori Company Limited
TEXVALLEY MARKET LIMITED
Xtema - Thomas Lebherz Textilmaschinen
Alison Hayes Romania
Helly Hansen Far East Ltd
Green Fibre
Esprit Europe Services GmbH
Datacolor AG Europe
Midas Clothing Limited
CGS Inc.
The LYCRA Company Singapore  Pte. Ltd
Lenzing Aktiengesellschaft
N9 World Technologies Private Limited
Newtech Textile Technology Development (Shanghai) Company Limited
Sainsbury's Argos Asia Limited
Kern – Liebers Textile
Aquarelle Clothing Limited
Colours India Inc
Aleph Srl
Sportmaster Ltd.
Dow Silicones Corporation
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
G.A.S. unternehmenskommunikation gmbh
Calvin Klein
EUROVET ASIA LTD
Tommy Hilfiger
Marzoli Machines Textile s.r.l.
Hirdaramani International Export Private Limited
EMBEE CORPORATION
Rosset ;& Cia Limited

May 2022

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


Advanced Search