Home / Knowledge / News / Textiles / PTA futures close higher

PTA futures close higher

26
Jul '10
The most active contract 1009 at Zhengzhou PTA futures opened at 7,182 Yuan / ton on July 23 and touched a high of 7228 Yuan / ton, a low of 7162 Yuan / ton to finally close 7200 Yuan / ton, 88 Yuan higher than the settlement price on July 22.

Asian PX closed at US $847.50-848.50/ ton (FOB Korea) and $862.50-863.50/ ton (CFR Taiwan) on July 22, up $1 from the previous day.

In the Chinese domestic spot market, market sentiment of PTA in East China was light; offers for spot were around 7,100 Yuan / ton, market traders showed poor interest, buyer's inquiries were light. Mainstream talks were towards lower-end of 7000-7050 Yuan / ton range.

PTA spot in Asian market set back, a few offers for Taiwan produced goods stood around $855-860/ ton, a few inquiries were at about $850/ ton, talks focused towards lower-end at $850-855 / ton range, but, however, firm offers were light.

In the downstream market, despite rise in crude oil prices, semi-dull chip markets in Jiangsu and Zhejiang were still stable on the day, most factories were adopting a watch and wait sentiment. Offers were mostly in the range of 9000-9100 Yuan / ton (by cash or by three-month acceptance) with actual negotiations ranging between 8950-9050 Yuan / ton.

Mainstream offers from polyester staple fiber manufacturers were reported at 9400-9500 Yuan / ton, actual negotiation level was 9250-9500 Yuan / ton. Trends in polyester fiber markets in Jiangsu and Zhengjiang were mixed.

Fine denier POY and FDY still had demand, while coarse denier FDY softened, DTY provided more discount in offers. Present price of polyester POY in mainstream discussion marked 11200-11250 Yuan / ton; polyester FDY was reported at 12,100 Yuan / ton, polyester DTY stood at 12500-12650 Yuan / ton.

PTA is still difficult to reverse the temporary situation of oversupply judging from a fundamental perspective, as international crude oil rises sharply, PX spot is flat, spot market and downstream market increase slightly amid basic steadiness.

Fibre2fashion News Desk


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 1st Apr 2020

Indian ministry asks over 10 manufacturers to produce PPE

The Indian health ministry has asked over 10 domestic manufacturers...

Pic: Shutterstock

Apparel/Garments | On 1st Apr 2020

Five more brands not to cancel export orders to Bangladesh

Five more global fashion brands-three European and two North...

Pic: Venturelli Luca / Shutterstock.com

Retail | On 1st Apr 2020

H&M to take goods already manufactured, assures suppliers

Swedish retail giant H&M recently assured its garment suppliers of...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Customised t-shirts is not a fad

Manfred Mentges, Sedo Treepoint GmbH

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Eric Fessler,

Eric Fessler

Manufacturer of textile machinery and complete fibre-to-yarn lines, N...

Ken Butts,

Ken Butts

The mission of Swiss company Datacolor is to empower its customers to make ...

Priyanka Gandhi,

Priyanka Gandhi

Established in 2016, Surat-based Shree Ganesh Yarns is a manufacturer of...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

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

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

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


March 2020

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


Advanced Search