>>
Home / Knowledge / News / Textiles / PTA markets on a roll

PTA markets on a roll

28
Jul '09
In the previous week, China's PTA market rose again and in the process launched a fierce offensive. The market received a set back slightly on Monday, but pulled out to launch a bullish line from Tuesday to Friday, especially on Thursday and Friday.

The market increased about 100 Yuan and closed at 7,492 Yuan per ton on Friday, 252 Yuan (3.48%) higher than the previous week and in the process scaled the high witnessed on April 29.

Overall spot market of the week showed the same trend. The market fell back on Monday to 7,100-7,150 Yuan per ton on Monday. But increased buyer activity helped the PTA markets to bounce back and close the week at 7,370 Yuan per ton on Friday.

This closing is 180 Yuan per ton (2.50%) higher than the previous week, but still 600 Yuan below 8,000 Yuan per ton set by the markets at the end of April. As of last Friday, the futures price was 122 Yuan per ton higher than spot price, expanding 72 Yuan from the previous week.

At present, supply in spot market is very tight; trade volume in spot market is still very small. It is reported that PTA manufacturers have full orders till August. Although operating rate is very high, the market is still in a state of short supply.

PTA settlement price in China was 7,350 Yuan per ton in July, 250 Yuan higher than in June. According to current demand and supply, August listing price should not be lower than 7,350 Yuan per ton or even higher at 7,500 Yuan per ton.

Fibre2fashion News Desk - China


Must ReadView All

Pic: Shutterstock.com

Textiles | On 24th Jan 2022

World economy to lose $12.5 trn in output by 2024 due to COVID: IMF

The world economy will lose $12.5 trillion in output by 2024 due to...

Pic: Karin59 | Dreamstime.com

Textiles | On 24th Jan 2022

Investor confidence in Germany rises in Jan despite supply crunch

Investor confidence in Germany rose in January, say recent figures,...

Pic: Nikolay Antonov | Dreamstime.com

Textiles | On 24th Jan 2022

People's Bank of China cuts benchmark lending rates

China’s central bank has cut the benchmark lending rate of loan prime ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Consistency is the first rule of social media

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

C Maennich,

C Maennich

Trützschler, one of the world's leading textile machinery manufacturers,...

Chini Chouhan,

Chini Chouhan

Founded by Chini Chouhan, her eponymous brand specialises in women's...

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Tonny De Beer, PFNonwovens

Tonny De Beer
PFNonwovens

PFNonwovens (PFN) was established in 2018 by the combination of two...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Carmen Emanuela Popa, Label - Carmen Emanuela Popa

Carmen Emanuela Popa
Label - Carmen Emanuela Popa

<b>Carmen Emanuela Popa,</b> a Romanian fashion designer, is known for her ...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

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

SYNERGIES HONG KONG LIMITED
Green Fibre
Aramark Uniform ;& Career Apparel, LLC
Seasalt Limited
Puma
Benetton Group
Lifestyle
Vardhman Textile Ltd
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
J ;& P Coats
Splash
Under Armour Global Sourcing Ltd
Lenzing Aktiengesellschaft
BIMBA ;& LOLA SL
TESCO INTERNATIONAL SOURCING LIMITED
Eastman Chemical Company
KAS Direct Sourcing
THE BOMBAY DYEING ;& MFG.CO. LTD
Chico’ FAS
G-Star Raw C.V.
Cat Tuong Real Estate Group Joint Stock Company
Sainsbury's Argos Asia Limited
OVS Hong Kong Sourcing Ltd.
John Varvatos
Tory Burch Hong Kong Ltd
Gap International Sourcing Limited
Alison Hayes Romania
C;&A Sourcing International Ltd
Landmark Group
Babyshop
Rayonese Textile Inc., Division de Culp Inc.
International Textile Manufacturers Federation
Varner AS Retail
Guess Europe Sagl,
Sportmaster Ltd.
The LYCRA Company Singapore  Pte. Ltd
Sateri (Jiujiang) Fiber Co.,Ltd
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Maceton Limited
Etam Group Strategy Hong Kong Limited
Helly Hansen Far East Ltd
Hela Clothing Pvt Ltd
PVH Corporation
Desigual - ABASIC, S.A.
Tommy Hilfiger
Groz-Beckert East Asia LLP
Truetzschler India Private Limited
LC Waikiki
Arvind Limited
Chori Company Limited
Calvin Klein
MAS Active / MAS Kreeda / MAS Bodyline
Vianney Textil Hogar S.A. De C.V.
Gokaldas Exports Limited
Gloria Jeans
IKEA of Sweden AB
Restoque S.A.
The Top Form Brassiere Manufacturing Company Limited
Lisa S.P.A.
Asos
Reiter India Private Limited
Hirdaramani International Export Private Limited
BIANCA
Recron Polyester from Reliance Industries Limited
Grasim Industries Limited
Amazon China
Abit
Brandix Lanka Limited
Gatsby Africa
T.T. Limited
Aquarelle Clothing Limited
KIABI
Rosset ;& Cia Limited
Alix Partners
Midas Clothing Limited
Decathlon
Target Corporation (MN)
Bluestem Global Sourcing Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
Walmart
Lululemon Athletica Inc
Sportswear Company Spa
NITI Aayog
Page Industries Limited (Bangalore)
Tchibo GmbH
Boardriders Asia Sourcing Limited
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Permoda(Koaj/Armi/Pronto/Bkul)
Lacoste (Wanchai)
IDH – The Sustainable Trade Initiative

January 2022

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


Advanced Search