Home / Knowledge / News / Textiles / Chinese PTA spot market turns sluggish

Chinese PTA spot market turns sluggish

23
Dec '09
Sales of polyester products slumped on Tuesday, spot market witnessed very low buying intentions from downstream sectors and combined with drop of PTA futures, PTA spot market looked even weaker.

Most domestic offers of PTA fell to 7,650-7,700 Yuan per ton, but buyers displayed intentions to buy around 7,600-7,650 Yuan per ton. In the morning, one deal was made at 7,650 Yuan per ton in Jiangsu market, one deal of spot goods (2000 tons) was made at 7,600 Yuan per ton in the afternoon.

Overseas offers further declined following the trends in the domestic markets and offers from suppliers of Taiwanese inventory fell to about US $930 per ton, firm offers for PTA from South Korea plunged to $920 per ton.

In Zhejiang market, one transaction was made at $925 per ton for bonded spot goods produced by Taiwan. Negotiation level of overseas offers is expected to be around $920-925 per ton on Wednesday as the market is holding a strong wait and watch attitude.

According to customs statistics, China's PX imports reached 188,000 tons in November 2009, down 61,000 tons from the previous month; import price was US $907.1 per ton. Total PTA imports achieved 470,000 tons, an increase of 72,000 tons from the previous month; import price was $837.7 per ton.

Fibre2fashion News Desk


Must ReadView All

Pic: Photomall | Dreamstime.com

Fashion | On 2nd Dec 2021

Fashion sector to recover in 2022, supply chain main challenge: Report

The global fashion industry is set for recovery in 2022, with sales...

Pic: Albert Karimov | Dreamstime.com

Apparel/Garments | On 2nd Dec 2021

Germany offers financial support to garment workers in Laos

Nearly 21,000 Lao garment workers affected by the COVID-19 pandemic...

Rajive Ranjan (left), Managing Director, Techno Design GmbH and Technocian Fashions, with Oliver Hein, COO, s.Oliver Group. Pic: PDS Multinational Fashions Limited

Apparel/Garments | On 2nd Dec 2021

PDSMFL (BSE:538730) to source for s.Oliver from India, Sri Lanka

India-based PDS Multinational Fashions Limited (listed on Bombay...

Interviews View All

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

Rajesh Vohra,

Rajesh Vohra

A part of the Italy based multinational company Artsana Group, Chicco is...

C Maennich,

C Maennich

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

David Guiho,

David Guiho

Headquartered in Apt, South of France, Delta Plus designs, manufactures...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

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

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

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


December 2021

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


Advanced Search