Asian PTA markers jumped US$10 a ton CFR China and CFR Southeast in the last week of March. By weekend, mainstream offers were between US$625-630 a ton, with discussions at US$615-620 a ton. Yisheng Petrochemical issued daily cash-based price for PTA unchanged at US$612-635 a ton.
Purified terephthalic acid prices jumped on firm upstream and PTA futures while unexpected shutdown supported the push. China's Hanbang unexpectedly shuts its new 2.2 million ton a year PTA plant.
Asian PTA markers edged down US$1 a ton CFR China in the fourth week of March. Yisheng Petrochemical issued daily cash-based price for PTA which was unchanged on the week while Hengli Petrochemical issued self-lifting offer for bonded cargoes which was flat from the previous week.
Purified terephthalic acid prices opened and closed the week with decline in prices and recording one-day gain on Tuesday on firmer paraxylene cost. In China, domestic spot PTA market was weak and offers generally rolled over and discussions were slightly lower. On week end PTA market was mute.
Asian PTA markers were up US$17 a ton CFR China in the third week of March. In China, offers were at US$615-620 a ton or slightly higher, and buying ideas were at US$600-605 a ton or slightly lower, with discussions at US$605-610 a ton or slightly higher. Yisheng Petrochemical’s cash-based price surged US$12 a ton during the week.
Asian PTA markers were up US$11 a ton CFR China and CFR Southeast in the first week of March.
In China, PTA values did not rise too much due to poor demand, but a deal was done at a high level of US$585 a ton. Offers were pushed gradually to above US$585-590 a ton, and discussions surged US$10 a ton.
Yisheng Petrochemical’s cash-based price were at US$570-590 a ton while Hengli Petrochemical issued self-lifting offers in the range of US$595-605 a ton.
Asian PTA markers were up US$5 a ton CFR China and Southeast in the third week of February.
In China, offers were between US$560-570 a ton, with buying ideas at US$550 a ton, but there was nearly no substantial deal concluded.
Yisheng Petrochemical’s cash-based price for PTA were at US$566 a ton while Hengli Petrochemical issued self-lifting offers in the range of US$585-595 a ton.
Purified terephthalic acid markets moved up from stability after the holidays in China, with price up from previous week.
In US, January PTA price was set down from December and little change is expected in February pricing. January PTA price was down US cents 1.72 a ton from December.
In Europe, PTA contract prices were to be lower on the month and dipped Euro 3 a ton.
Asian PTA markers are notionally set at a roll over in the second week of February at US$560-562 a ton CFR China and US$577-579 a ton CFR Southeast.
In China, before the holidays selling ideas for nearby-month goods were at US$550-555 a ton, and counter offers at US$535 a ton or slightly lower.
Asian PTA markers gained US$10 a ton CFR China and CFR Southeast in the first week of February.
In China, selling ideas for nearby-month goods were at US$550-555 a ton, and counter offers at US$535 a ton or slightly lower. Bonded goods on one-day trip were traded at US$545 a ton.
Yisheng Petrochemical’s cash-based daily prices ranged between US$542-552 a ton, down US$3 from last week while Hengli Petrochemical issued self-lifting offers at US$585 a ton, down US$5.
Asian PTA markers regained US$5 a ton CFR China and CFR Southeast Asia in the last week of January.
In China, offers were maintained at US$550-555 a ton, and counter offers were between US$530-540 a ton, with both stalemated.
Yisheng Petrochemical’s cash-based daily prices were up US$8 from previous week while Hengli Petrochemical issued self-lifting offers which were up US$10 a ton on the week.
Purified terephthalic acid markets in Asia continued to fluctuate in a narrow range during week, as crude oil price picked up slightly throughout the week.
Asian PTA markers inched down US$6 a ton CFR China and CFR Southeast in the third week of January.
In China, several parcels of bonded goods on one-day trip were traded at US$536-538 a ton midweek.
Yisheng Petrochemical’s cash-based daily prices were down US$10 on the week while Hengli Petrochemical issued self-lifting offers at US$560-565 a ton, down US$5.
Purified terephthalic acid prices moderated a bit in Asian markets on surplus inventory amid thin trade. Meanwhile, buyers were heard to have lowered their bids further amid falling PET and polyester prices.
Asian PTA markers fell US$18 a ton CFR China and CFR Southeast in the second week of January.
In China, offers for bonded goods on one-day trip from suppliers moved down continuously, while buying interest remained softened. Buying ideas stayed below US$540 a ton, with the discussion at a stalemate.
Yisheng Petrochemical’s prices ranged between US$547-565 a ton while Hengli Petrochemical issued self-lifting offers at US$565-600 a ton.
