Asian PTA markers rose US$2 a ton CFR China and up US$1 a ton CFR Southeast Asia in the fourth week of June. Purified terephthalic acid prices were slightly up that week as G20 summit caused uncertainty about shutdowns. Upstream paraxylene cost also sobered significantly providing good margins to PTA makers.
In China, offers for nearby-month goods were at US$620 a ton, with counter offers between US$605-610 a ton. The price spread between PTA spots and futures was chaotic since PTA market fluctuated that week in China. Several PTA units unexpectedly shut down that week, while BP Zhuhai postponed the restart of its PTA unit.
In US, June PTA price remained unsettled with expectations that it could see a slight increase given in the firmness in feedstock paraxylene prices.
In Europe, PTA contract price rolled over on the week.
Courtesy: Weekly PriceWatch Report
In May 2020, nylon filament yarn prices were talked up amid climbing prices in the upstream CPL and nylon chip…
In May 2020, polyester filament yarn prices recovered in China supported by higher prices in the polyester staple fibre markets.
Viscose staple fibre prices in April were mostly down in the Asian markets of China, India, and Pakistan. In China,…
Feedstock, propylene prices in Asia fell in April amid historic lows in the crude oil and naphtha markets that month.…
Nylon or polyamide chip markets slumped in March amid weakening prices in the raw material CPL markets while downstream buying…
In March 2020, polyester staple fiber (PSF) prices declined month-on-month in China as demand was weak and supply was abundant.…