Asian PTA prices inched up US$4 a ton CFR China and CFR Southeast Asia in the last week of November. Purified terephthalic acid prices inched up in China on the week while they were stable in other Asian markets.
In India, domestic polymer and polyester demand was been hit since the government's demonetization policy sparked a drop in retail goods sales, impacting converters and the traders who supply them.
Asian PTA prices inched up US$3 a ton CFR China and CFR Southeast Asia in the fourth week of November. In China, PTA prices surged about US$5 a ton in the second half of that week.
Purified terephthalic acid markets were mixed amid higher upstream prices and sluggish demand. In India, polyester demand was been by government's demonetization policy, sparking drop in retail sales, impacting converters and the traders who supply them. In China, PTA market moved up in a notable range as futures market picked up with an increase on the position.
Asian PTA prices were down US$9 a ton CFR China and CFR Southeast Asia in the third week of November. In China, offers for nearby-month goods values were slightly down from last week.
Purified terephthalic acid prices weakened in Asian markets on tepid and weaker futures pushed Chinese prices lower. Trade activities were thin. In China, the previous week’s uptrend did not continue into that week. Domestic PTA market was affected by the huge changes on PTA futures, which returned to the same level as before market prices moved up.
Asian PTA markers retreated US$8 a ton CFR China in the first week of November while CFR Southeast Asia marker was down US$5 a ton. The CFR India marker was down US$6 a ton.
Purified terephthalic acid prices in Asian fell US$5-8 a ton on the week as upstream paraxylene markets remained under weak fluctuation that week with Indian Reliance starting up its new unit. Thus, PTA markets retreated after rushing high early that week.
Asian PTA markers fell US$4 a ton CFR China and CFR Southeast Asia in the third week of October. Purified terephthalic acid prices edged down amid volatility in futures market despite active trading in Chinese domestic market. End-users were seeking goods to meet year-end demand.
In China, offers for nearby-month goods were range bound on the week. PTA market was relatively quiet in H1 of the week as PTA futures values inched up, while the trading atmosphere in spot waned since polyester producers showed weak interest to buy high-priced goods.
Asian PTA markers remained flat in the first week of October. In China, offers for nearby-month goods were flat from pre National Day holiday, and potential discussions were between US$600-605 a ton.
Purified terephthalic acid prices remained flat all days that week amid in thin trade although market participants were bullish on prices in the near term after crude surged and feedstock paraxylene price rose on the week.
Asian PTA markers moved up slightly US$2-3 a ton CFR China and CFR Southeast Asia in the last week of September. In China, offers for nearby-month goods were slightly lower, and counter offers fell US$5 a ton on the week.
Purified terephthalic acid price edged up slightly in Asian markets ahead of plant shutdowns. China's Yisheng Dahua Petrochemical plans to shut both its PTA plants at Dalian with 2.2 million ton a year capacity for two weeks from H1 October while South Korea’s Taekwang Petrochemical has shut 1-million-ton PTA plant for maintenance in Ulsan.
Asian PTA markers slipped US$3 a ton CFR China in the third week of September. CFR Southeast Asia and CFR India markers were also assessed down on the week. Yisheng Petrochemical’s offers edged down US$4 a ton.
Purified terephthalic acid prices moderated somewhat in Asian markets as demand remained weak, particularly in India. Several PTA units in China are expected to restart from maintenance soon including Yisheng's plant at Hainan, and Hengli's plants at Dalian. In China, PTA markets remained under fluctuation with high-end prices retreating and low-end numbers picking up.
Asian PTA markers fell US$6 a ton CFR China in the second week of September. In line with the slide in China, CFR Southeast Asia and CFR India markers were also assessed down US$6 a ton on the week. In China, offers for nearby-month goods declined during the week. Yisheng Petrochemical’s offers edged down US$3 a ton on the week.
Asian PTA markers rose US$5 a ton CFR China in the first week of September. The South Korea/Taiwan marker was also up on the week.
In China, offers for nearby-month goods were at US$610-615 a ton, and negotiations surged similarly to US$605-610 a ton. Yisheng Petrochemical’s offers were stable during the week.
