Home / Knowledge / News / Textiles / Chinese PTA futures dip on Friday

Chinese PTA futures dip on Friday

22
Mar '10
Zhengzhou PTA futures contracts in China, stumbled lower on Friday, the most active contract 1005 fell and eventually closed at 8,182 Yuan / ton, down 36 points or 0.44 percent compared with March 18.

International oil prices too fell down last Friday, due to a strong dollar and hike in interest rates in India. The pressure of polyester stock in Chinese downstream market is still large, due to which, short-term market of PTA will lack momentum.

Paraxylene markets in Asia fell US $1 on Thursday. FOB South Korea closed at $1,026.25 / ton and CFR Taiwan closed at $1,045.25 / ton.

Market conditions of PTA spot remained stable both for Chinese domestic supply and overseas supply. Offers by sellers in East China for domestic supply ranged in between 8,050-8,100 Yuan / ton, however offers were light.

Market of overseas offers is stable in China. Offers for Taiwan goods and bonded goods stood at $985/ ton, offers for South Korean cargo marked $940 / ton and firm offers ranged in between $935-975/ ton.

As it was close to the weekend, the market appeared in strong wait-and-see sentiment, actual trade was still light.

Fibre2fashion News Desk


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 10th Apr 2020

€5-mn EU emergency fund for Myanmar garment workers

In solidarity with Myanmar and the workers at risk in the garment...

Pic: Shutterstock

Textiles | On 10th Apr 2020

Govt exempts PPE, face mask import from customs duty

Considering the immediate requirement of personal protection...

Pic: Shutterstock

Textiles | On 10th Apr 2020

Opportunity for India post-Covid-19: Wazir Advisors

Post-coronavirus, some brands will follow the strategy of...

Interviews View All

Yash Agarwal, Hitansh Online

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Akash Khetan, Narayan Tex Fab

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Kaizad Hansotia, GetNatty

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Yariv Bustan,

Yariv Bustan

Founded in Israel in 2015, Twine Solutions is a tech start-up that has...

Cem Erdogrul,

Cem Erdogrul

Turkey-based Temsan Air Engineering is one of the leading manufacturers of ...

Martina Giorgetti,

Martina Giorgetti

Italy-based Cibitex is a manufacturer of textile finishing machinery,...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

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

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

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


April 2020

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


Advanced Search