PTA price edges up amid firm futures market

Asian PTA markers were up US$2 a ton CFR China and CFR Southeast in the third week of April. In China, many deals were concluded at US$615 a ton, a level before the market went up. Those were mainly bonded goods on one-day trip bought by polyester producers.

Purified terephthalic acid prices rose on the week amid firm futures markets while Hanbang and India’s Reliance will restart their PTA lines soon. Prices declined opening the week to remain stable later and to rise midweek but ending the week flat.

Taiwan FCFC’s PTA plant will shut in August/September for scheduled maintenance. In China, PTA market rebounded driven by commodity market that week with prices up.

In Europe, contract prices for PTA were up from the end of March, largely reflecting the increase in feedstock cost. European contract prices for PTA were up Euro40 a ton FD NWE from the end of March.

Courtesy: Weekly PriceWatch Report

Recent Posts

Nylon or polyamide markets move up amid modest demand

In May 2020, nylon filament yarn prices were talked up amid climbing prices in the upstream CPL and nylon chip…

4 years ago

Polyester fiber, yarn prices firmer amid a rebound in PTA and MEG markets

In May 2020, polyester filament yarn prices recovered in China supported by higher prices in the polyester staple fibre markets.

4 years ago

Viscose or rayon markets continue to weaken in Asia

Viscose staple fibre prices in April were mostly down in the Asian markets of China, India, and Pakistan. In China,…

4 years ago

Acrylic fiber prices slip amid low acrylonitrile and propylene costs

Feedstock, propylene prices in Asia fell in April amid historic lows in the crude oil and naphtha markets that month.…

4 years ago

Nylon or polyamide markets slump on lackluster sentiment

Nylon or polyamide chip markets slumped in March amid weakening prices in the raw material CPL markets while downstream buying…

5 years ago

Polyester prices nosedive to multi-year lows across the world

In March 2020, polyester staple fiber (PSF) prices declined month-on-month in China as demand was weak and supply was abundant.…

5 years ago