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.
PTA price moves down in Asia, stable in Europe
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.
Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices
PTA price slips in Asia
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.
Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices
PTA price edges down on weak energy prices
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.
Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices
PTA price inches up in Asia
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.
Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices
Blended yarn price falls in Asian markets
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.
Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices
PTA price edges down in Asia, US
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.
Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices
PTA price dips in Asia
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.
Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices
PTA price inches up on high feedstock cost
Asian PTA prices gained US$1 a ton CFR China and CFR Southeast Asia marker in the third week of March. Yisheng Petrochemical’s selling price edged up from US$8 a ton while Hengli Petrochemical kept its price unchanged.
Purified terephthalic acid prices inched up on the week alongside higher feedstock paraxylene prices and signs of a slight rebound in downstream. In China, PTA market was under fluctuation and correction that week. At the beginning of the week, PTA was slightly weak but as crude oil values surged unexpectedly midweek, PTA prices at the lower end rebounded slightly.
Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices
PTA price falls in Asia
Asian PTA prices declined US$26 a ton CFR China and CFR Southeast Asia in the second week of March. Yisheng Petrochemical’s selling price dropped US$20 a ton while Hengli Petrochemical adjusted self-lifting offers by US$15 a ton.
Purified terephthalic acid prices declined further in Asian markets on lower sentiment, particularly in Northeast Asia. In China, May 2017 PTA futures on the Zhengzhou Commodity Exchange fell, capping a week that saw sharp falls by weekend close.
