Home / Knowledge / News / Textiles / Rise in feedstock prices pushes PTA prices up

Rise in feedstock prices pushes PTA prices up

29
Jul '09
PX which is the raw material of PTA was around US$ 780/ton at the beginning of this year 2009 and then it increased considerably to around US$1120/ton range in the month of May. Rise in feedstock prices pushes PTA prices up.

There are some signs of economic revival and companies started getting export orders for polyester products.

Downstream end users were actively buying to replenish their inventories, which supported the bullish market sentiment.During the last week price of PTA increased by more than US$ 30/ton in last few days and touched the level of US$ 1070/ton in S E Asian market.

Reasons for MEG uptrend
Due to limited availability of MEG in the Asian region, as arrival of cargoes from Middle East Asian market delayed.

MEG ACP for month of August increased by the major producers; which supported the bullish market sentiment in the spot market. Ethylene, which is the raw material of MEG, had shown considerable price increase in the recent times which forced MEG producers to increase their prices.

During the last week price of MEG increased by more than US$ 30/ton in last few days and touched the level of US$ 720/ton in S E Asian market.

Click here for more detials.

Fibre2fashion - News Desk, India


Must ReadView All

Pic: Shutterstock

Textiles | On 20th Oct 2020

US, Brazil update agreement on trade, economic cooperation

The United States and Brazil yesterday signed a new protocol relating ...

Pic: Shutterstock

Textiles | On 20th Oct 2020

China building more competitive mulberry silk industry

China is striving to build a more competitive mulberry silk industry...

Pic: Shutterstock

Textiles | On 20th Oct 2020

CBN invests N120 bn to revive Nigeria's textile sector

The Central Bank of Nigeria (CBN) recently said it had invested over...

Interviews View All

Textile industry, Head honchos

Textile industry
Head honchos

Clothes are no more bound by gender

Poojaa Kumar Deepak, Zeven

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Yash Agarwal, Hitansh Online

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Zennure Danisman,

Zennure Danisman

Since its inception in 1953, Orta Anadolu has been weaving a denim...

Dejan Lalevic,

Dejan Lalevic

Mesdan SPA, a subsidiary of Italian firm Savio Macchine Tessili,...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

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

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

<span style="font-size: 12px;">Designer Suman Nathwani talks about her...

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


October 2020

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


Advanced Search