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.
PTA price inches up in Asia
Asian PTA marker, the CFR China rose US$2 a ton in the third week of June while CFR Southeast Asia was up US$1 a ton on the week.
Yisheng Petrochemical kept list price for PTA at US$615-618 a ton while Hengli Petrochemical maintained its self-lifting offer at US$635 a ton.
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.
Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices
PTA price moves up amid rising feedstock price
Asian PTA marker was up US$4 a ton CFR China while the CFR Southeast Asia in the second week of June. In China, offers for nearby-month goods were maintained at US$615-620 a ton, and buying interest was mute.
Purified terephthalic acid prices firmed up in Asian markets amid rising feedstock price and expected supply cuts. China's OPSC will remain shut during G20 summit while Hanbang will shut plants late June.
Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices
PTA price recovers in Asia
Asian PTA marker was up US$3 a ton CFR China in the first week of June. In China, offers for bonded goods were pegged at US$610 a ton, and bids at US$595‐600 a ton amid thin liquidity. Yisheng Petrochemical list price for PTA was up US$3 a ton on the week.
Purified terephthalic acid prices recovered somewhat that week in Asian markets gaining on Tuesday and weekend as markets remained mixed with China still weak.
In India, demand was heard fading and prices were assessed lower as Reliance Industries Ltd. restarted its plant.
Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices
PTA price moves down in China amid mute buying interest
Asian PTA marker was down US$3 a ton CFR China in the last week of May. The CFR Southeast Asia was assessed flat from last week, while CFR India was up US$2 a ton on the week.
In China, offers for bonded goods dropped to US$600‐605 a ton, with bids on the either sides of US$590 a ton.
Purified terephthalic acid markets were mixed in Asia with weak prices in China while India remained firm and CFR Southeast Asia assessed flat from last week.
Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices
PTA price gains in Asia, stable in Europe
Asian PTA markers gained US$3 a ton CFR China and CFR Southeast in the third week of May.
In China, bonded goods were pegged in the range of US$600-603 a ton as buyers showed low interest at above US$610 a ton. There was a spread of US$10-15 a ton between enquiries and offers for nearby-month goods.
Purified terephthalic acid prices were stable to higher in Asian markets amid firmer paraxylene cost while demand remained sluggish demand with ample supply.
Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices
PTA price falls on weak demand amid ample supply
Asian PTA markers lost US$2-10 a ton CFR China and CFR Southeast in the second week of May.
Yisheng Petrochemical issued price for PTA down while Hengli Petrochemical issued self-lifting offer at US$625-630 a ton.
Purified terephthalic acid prices softened in Asian markets on weak demand amid ample supply. Reports indicated that the continual fall in the PTA futures in China contributed to lower prices that week.
Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices
PTA price gains amid higher upstream prices
Asian PTA markers gained US$3 a ton CFR China and CFR Southeast in the last week of April.
Purified terephthalic acid prices inched up in Asian markets amid higher upstream prices. Day on day the CFR China price slipped as September PTA futures on the Zhengzhou Commodity Exchange slumped.
In China, PTA market fluctuated in a wide range, with a large spread between the high and low end. Some suppliers continued to buy goods, and supply to the spot market tightened somewhat.
Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices
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.
Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices
PTA price moves up in Asia
Asian PTA markers were up US$5-8 a ton CFR China and CFR Southeast in the second week of April. In China, trading values inched down US$8 a ton, while the sales volume expanded. Yisheng Petrochemical issued daily cash-based price for PTA was unchanged.
Purified terephthalic acid prices rose steadily day on day ahead of plant shutdowns and firmer paraxylene cost. India’s Reliance Industries shuts its two plants amid water woes while it sees June as the earliest possible month to startup its new aromatics plant at Jamnagar.
