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

Tajik textile-apparel exports rise 30% in Jan-Aug 2018

Textiles | On 16th Oct 2018

Tajik textile-apparel exports rise 30% in Jan-Aug 2018

Tajikistan’s production of textile and apparel rose by 30 per cent in ...

Courtesy: Good On You

Apparel/Garments | On 16th Oct 2018

Good On You aims to give consumers access to brand info

Australia based Good On You, an app that provides ratings of over...

India may see strong cotton yarn exports growth: ICRA

Textiles | On 16th Oct 2018

India may see strong cotton yarn exports growth: ICRA

Indian spinners, who had reported a multi-year low profitability...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

The foremost issue is bridging the skill gap

Amit Jain, Shingora Textiles Ltd

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Headhonchos, Indian fashion industry

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Liz Manning,

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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 2018

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

news category


Related Categories:

Advanced Search