Asian PTA prices jumped US$16 a ton CFR China amd CFR Southeast Asia in the third week of May. In China, offers for bonded good were up US$5 a ton. Yisheng Petrochemical raised it’s selling price by US$10 a ton while Hengli Petrochemical’s selling price was flat on the week.
Purified terephthalic acid prices jumped in Asian markets on the week as September PTA futures rose in China while paraxylene cost surged.
Asian PTA prices inched up US$4 a ton CFR China and CFR Southeast Asia in the second week of May. In China, offers for bonded goods also softened US$10 a ton on the week. Yisheng Petrochemical’s selling price was cut US$10 a ton while Hengli Petrochemical’s selling price was lowered US$20 a ton on the week.
Asian PTA prices edged down US$10 a ton CFR China and CFR Southeast Asia in the first week of May. In China, offers for bonded goods also softened US$10 a ton on the week. Yisheng Petrochemical’s selling price was cut by US$5 a ton while Hengli Petrochemical’s selling price was lowered by US$10 a ton.
Asian PTA prices edged down US$8 a ton CFR China and CFR Southeast Asia in the last week of April. Yisheng Petrochemical’s selling price was lowered US$10 a ton while Hengli Petrochemical’s selling price remained unchanged on the week.
Purified terephthalic acid prices sobered further in Asian markets but slower than the fall in raw material paraxylene cost. In China, discussions for PTA were heard lower from the previous week. Since run rates at polyester units was still high, producers will have requirement to replenish inventories after the May Day holiday.
Asian PTA prices edged down US$2 a ton CFR China and CFR Southeast Asia marker in the third week of April. In China, offers for nearby-month cargoes softened slightly during the week. Yisheng Petrochemical’s selling price was down US$5 a ton while Hengli Petrochemical’s selling price remained unchanged.
Asian PTA prices were down US$22 a ton CFR China and CFR Southeast Asia in the second week of April. Yisheng Petrochemical’s selling price inched down US$5 a ton while Hengli Petrochemical’s selling price rolled over on the week.
Asian PTA prices were up US$9 a ton CFR China and CFR Southeast Asia in the first week of April. Purified terephthalic acid prices inched up recovering from previous two weeks decline on firmer upstream and rise in sentiment during the week.
According to sources, demand in China from the downstream polyester was healthy, with higher sales ratios towards the end of the week in Zhejiang and Jiangsu. However, there were no expectations of any significant upswing in demand for PTA in the near-term, although stable operating rates will continue.
In China, PC (65/35) 32s yarn prices fell US cents 2 a kg in the first week of April in Qianqing, while 45s PC combed yarn prices were down US cents 3 a kg on the week.
Blended yarn prices declined across Asian markets amid mélange in upstream fibre costs. In China, PV and PC yarn prices declined over large inventory levels and lower fiber prices. However, offers have lesser room to go south in the future.
Asian PTA prices edged down US$5 a ton CFR China and CFR Southeast Asia in the last week of March. Purified terephthalic acid markets in Asia were under slight downward correction that week. Prices declined opening the week to slightly recover midweek after crude oil rebounded above US$50 a barrel. PTA markets showed quiet performance later in the week.
Asian PTA prices gave back US$3 a ton CFR China and CFR Southeast in the fourth week of March. Purified terephthalic acid prices dipped a bit that week in Asian markets on weaker sentiment, particularly in North East.
In China, PTA market moved down further that week despite major producers Hengli Petrochemical and Yisheng Dahua announcing turnarounds at their Dalian plants, beginning 25 March in early-April, respectively, for two weeks. Meanwhile, declining paraxylene prices eased cost support to PTA markets.
