Home / Knowledge / News / Textiles / PTA expected to witness intensified shocks in short term

PTA expected to witness intensified shocks in short term

Dec '09
The main PTA futures contract 1002 at Zhengzhou widely fluctuated on December 14. Settlement price rose 36 points, or 0.46 percent compared with December 11 and the PTA markets are expected to witness intensified shocks in short term.

The news that, the emirates of Abu Dhabi will provide for US $10 billion of the $55 billion debt of the Dubai government, provided stimulation for investors to re-invest funds in higher risk assets.

Raw material of Paraxylene closed firm last Friday. In Asian market, FOB South Korea closed steady at US $1,123.25-1,124.25 per ton and CFR China closed up by $2 to $1,140-1,141 per ton.

Northwestern Europe rose by $30 to $1,025 per ton, FOB Rotterdam following the Asian rally.

PTA spot market conditions continued to slump down on Monday, offers by sellers in domestic material market fell to 7,750-7,800 Yuan / ton. Overseas offers were around $950 per ton and trade volumes remained relatively light.

In general, international oil price which slipped below the $70 per barrel mark increased negative effects on PTA. Moreover, although operation rate of downstream polyester enterprise was at 78 percent, stock pressures gradually accumulated.

The market will enter traditional low season from mid-December and exports will continue to decline.

Fibre2fashion News Desk - China

Must ReadView All

Pic: cf.kizlarsoruyor.com

Apparel/Garments | On 6th Dec 2021

All Turkish goods to be labelled ‘Made in Turkiye’

All goods produced in Turkey, including clothing for exports, will be ...

Pic: Jaroslaw Baczewski | Dreamstime.com

Textiles | On 6th Dec 2021

Global cargo demand up by 9.4% in Oct 2021 over Oct 2019: IATA

Global demand was up by 9.4 per cent in October 2021 compared to the...

Pic: Phanthit Malisuwan | Dreamstime.com

Textiles | On 6th Dec 2021

NCTO offers key policy recommendations to support US industry

In a written testimony before the US House Ways and Means Trade...

Interviews View All

Water stewardship, Stakeholders

Water stewardship

Water use efficiency remains relatively unexplored

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

J Vargas,

J Vargas

With a vision to be the world's top tier textile manufacturer, Badjatex...

Klaus Bergmann,

Klaus Bergmann

German company Erbatech GmbH develops, designs and manufactures high end...

Dhruv Toshniwal & Udit Toshniwal,

Dhruv Toshniwal & Udit Toshniwal

Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...

Dave Rousse, INDA

Dave Rousse

INDA, a global association of the nonwoven fabrics industry, has been...

Daniel Kaye, RocketLife

Daniel Kaye

<div>RocketLife, an award-winning developer of breakthrough visual...

Jacques Prigneaux, EDANA

Jacques Prigneaux

EDANA has been the leading global association and voice of the nonwovens...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

December 2021

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

Advanced Search