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

Apparel/Garments | On 17th Aug 2019

EBA benefit withdrawal to hurt 4 mn Cambodians: GMAC

The Garment Manufacturers Association in Cambodia recently said the...

Pic: Infinited Fiber

Textiles | On 17th Aug 2019

Infinited Fiber receives lead investment from RGE

Singapore-based RGE Pte Ltd has joined a group of investors including ...

Pic: Macy's

Apparel/Garments | On 17th Aug 2019

Macy's net sales down to $5,546 mn in Q2 of 2019

Macy's Inc reported net sales of $5,546 million in Q2 of 2019 ending...

Interviews View All

Nitin Soni, Dolphin Jingwei Machines

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Dharmendra Shah, Ozone PB Spintex Limited

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Akash Khetan, Narayan Tex Fab

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Jason Remnant,

Jason Remnant

<div>Xaar plc develops digital inkjet technology; it designs and...

Carmen Makover,

Carmen Makover

Leading the digital textile printing industry, Israel-based Kornit...

Nuria Estape,

Nuria Estape

Archroma is a global colour and specialty chemicals company headquartered...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

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

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

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


August 2019

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

news category


Related Categories:

Advanced Search