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.
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.
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.
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.
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.
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.
