Asian PTA prices edged down US$1 a ton CFR China and CFR Southeast Asia in the first week of March. Purified terephthalic acid prices slipped in Asian markets at the end of the week due to falling futures on Zhengzhou Commodity Exchange.
In China, domestic PTA market was corrected in a narrow range but was under recovery based on support from spot prices and the need to replenish inventories by end users beginning of March. Supply will increase with Thai Indorama restarted its plant in March.
Asian PTA prices fell US$11 a ton CFR China and CFR Southeast Asia in the last week of February. Purified terephthalic acid markets in Asia were under fluctuation that week, prices down amid falling raw material paraxylene cost.
In China, offers were raised beginning of that week only to slightly weaken basically corrected midweek. On Thursday, discussions for PTA edged down as paraxylene market turned weak. Thus, in the first half of that week, PTA markets fluctuated in a narrow range.
Asian PTA prices inched up US$10 a ton CFR China and CFR Southeast Asia in the second week of February. In China, mainstream offers mostly picked up US$5 a ton on the week.
Yisheng Petrochemical’s selling price surged US$5 a ton while Hengli Petrochemical raised self-lifting offers by US$5 a ton on the week.
Purified terephthalic acid markets in Asia were mainly in correction that week as paraxylene prices moved up quickly with two units in Japan and South Korea shutting down before holiday due to some reasons.
Asian PTA prices were up US$12 a ton CFR China and CFR Southeast Asia in the first week of February. The CFR India marker was up US$10 a ton on the week, based on tradable indications. Purified terephthalic acid spot prices increased further as paraxylene contract price for February was finally settled, lending strong support to PTA from the cost side.
After the week-long holiday, the resumption of weaving and knitting operation in China will drive demand. With healthy cost support, PTA markets are expected to stay firm in coming weeks.
Asian PTA prices were up US$11 a ton CFR China and CFR Southeast Asia marker in the last week of January. The CFR India marker was also up US$11 a ton, based on tradable indications heard.
Purified terephthalic acid spot market activity in Asia was limited, with Chinese players mostly out for the Lunar New Year holiday, but price gains may continue into February. Meanwhile, prices rose on surging feedstock costs in India while Southeast marker tracked the Indian market up.
Asian PTA prices were up US$8 a ton CFR China and CFR Southeast Asia in the third week of January. Purified terephthalic acid prices were up in Asian markets in line with the rise in raw material paraxylene values and amid talks of tightening supply. According to sources, there were buying inquiries seen from India recently, but the prices in China's domestic market remained more attractive than exports.
Asian PTA prices gained US$3 a ton CFR China and CFR Southeast Asia in the second week of January.
Purified terephthalic acid markets sentiment in Asia were bullish ahead of Lunar New Year and are expected to hold steady in January amid stable-to-firm demand from China and India, unlike in previous years when the Lunar New Year period had translated to weaker sentiments. PTA price rose on the week amid talks of tightening supply while feedstock paraxylene rose week on week.
Asian PTA prices gained US$12 a ton CFR China and CFR Southeast Asia in the first week of January. In China, offers for bonded PTA goods on one-day trip followed up US$10 a ton on the week.
Purified terephthalic acid prices rose in Asian markets as supply was tightening and demand from India had picked up again ahead of maintenance shutdown later this year and also in the recovery period following the demonetization crisis since November.
Asian PTA prices gained US$13 a ton CFR China and CFR Southeast Asia in the second week of December. In China, offers for nearby-month goods surged US$10 a ton on the week.
Yisheng Petrochemical raised its selling price by US$12 a ton while Hengli Petrochemical offers were up US$10 a ton.
Asian PTA prices were up US$8-9 a ton CFR China and CFR Southeast Asia marker in the first week of December. In China, offers for nearby-month goods were kept steady during the week.
Yisheng Petrochemical raised its selling price by US$5 a ton while Hengli Petrochemical also hiked US$5 a ton during the week.
Purified terephthalic acid prices rose in Asian markets on bullish futures and rising feedstock paraxylene cost. In China, domestic PTA market moved up followed by correction that week.
