Asian PTA prices rose US$10 a ton CFR China and CFR Southeast Asia marker in the first week of this month which ended on 8th September. In China, offers for bonded goods were up US$15 a ton during that week. Yisheng Petrochemical raised its self-lifting price by US$15 a ton as compared to the last week of August while Hengli Petrochemical kept prices firm.
PTA price edges down in Asia
Asian PTA prices were down US$10 a ton CFR China and CFR Southeast Asia in the third week of August. Purified terephthalic acid market in Asia edged down on expectations that the production will increase in September. Yisheng Petrochemical decreased its self-lifting price for the week while Hengli Petrochemical kept stable.
BP Zhuhai restarted one PTA unit ahead of schedule, and Yizheng Chemical Fiber postponed the maintenance. Hengli Petrochemical restarted Dalian PTA line with a capacity of 2.2 million tons per year.
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PTA price inches up on rising paraxylene values
Asian PTA prices inched up US$2-5 a ton CFR China and CFR Southeast Asia in the last week of June. In China, offers for bonded goods picked up US$2 a ton and discussions for firm deals inched up on the week. Yisheng Petrochemical raised its self-lifting price by US$2 a ton. In India, CIF values rose US$5 a ton.
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PTA price sobers in Asia, Europe
Asian PTA prices sobered US$10 a ton CFR China and CFR Southeast Asia in the third week of June. In China, offers for bonded goods were down US$2 a ton, and discussions for nearby-month cargoes were down US$7 a ton on the week.
Purified terephthalic acid prices continued to inch down throughout the week in Asian market, posting a 30-week low. Cost support weakened as paraxylene values kept weakening while naphtha fluctuated with a slight drop, prompting PTA market to decline as well.
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PTA price remains stable on thin trade
Asian PTA markers CFR China and CFR Southeast Asia remained unchanged in the second week of June. In China, discussions for nearby-month cargoes were down US$3 a ton on the week. In China, PTA market was under fluctuation, with Yuan-based prices up and US$ based value down from previous week. Taiwan saw increased demand for spot PTA due to lower operating rates in recent weeks.
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PTA price gains on high demand
Asian PTA prices gained US$9 a ton CFR China and CFR Southeast Asia in the first week of June. Purified terephthalic acid prices rose in Asian markets on strong fundamentals, higher demand and support from firming upstream paraxylene prices.
In China, PTA market showed strong performance that week, with average price up from previous week. Spot PTA supply was tight and the spread on offers and discussions between PTA spots and futures narrowed steadily.
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PTA price declines on weak upstream markets
Asian PTA prices fell US$6 a ton CFR China and CFR Southeast Asia in the last week of May. In China, offers for bonded goods declined US$5-10 a ton, and discussions for nearby-month cargoes also inched down on the week.
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PTA price tumbles on weak raw material cost
Asian PTA prices gave back US$16 a ton CFR China and CFR Southeast Asia in the fourth week of June. In China, offers for bonded goods fell by US$5 a ton on the week. Yisheng Petrochemical cut it’s selling price US$5 a ton while Hengli Petrochemical’s kept it selling price flat during the week.
Purified terephthalic acid prices sobered in Asian markets as crude oil tumbled and paraxylene spot values declined. In China, September PTA futures tumbled weekend on the Zhengzhou Commodity Exchange.
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PTA price jumps in Asia
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.
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PTA price softens in Asia, Europe
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.
