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

Textiles | On 12th May 2021

Economic recovery under threat amid surging COVID cases: UN

While the global growth outlook has improved, led by robust rebound...

Pic: 2p2play / Shutterstock.com

Retail | On 12th May 2021

Retailers need to consider changes as US emerges from pandemic: NPD

Millions of new remote and hybrid-remote workers, kids returning to...

Pic: Shutterstock

Textiles | On 12th May 2021

Uzbekistan exported textile products worth $637.7 million in Q1 2021

Uzbekistan exported textile products worth $637.7 million to 54...

Interviews View All

India-EU Summit, Representatives

India-EU Summit
Representatives

India-EU FTA will provide EU with better access to a huge & rapidly...

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Textile Industry, Head honchos

Textile Industry
Head honchos

Social media critical in regeneration of businesses

Ujjval Saraf,

Ujjval Saraf

Founded by Jimmy Lai, Giordano International Ltd, a Hong Kong based...

Yawer Ali Shah,

Yawer Ali Shah

Synthetic colours and dyes were all the rage till the very first ban on...

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

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


May 2021

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


Advanced Search