Asian PTA markers edged up US$1 a ton CFR China in the last week of August. In China, offers for nearby-month goods felt to US$605-610 a ton, and buyers countered offers was at US$600 a ton.
Purified terephthalic acid prices were stable to softer amid thin trade in Asian markets. Upstream cost support also eased with paraxylene cost moderating somewhat. Yisheng Petchem shuts its Ningbo plant for G20 while it has planned turnaround at Hainan unit in September.
Asian PTA markers edged down US$2 a ton CFR China and CFR Southeast Asia in the fourth week of August. The South Korea/Taiwan marker was also down on the week. In China, offers for nearby-month goods were maintained at US$610-615 a ton that week, and buyers countered offers was at US$605 a ton, with the discussion stalemated. Purified terephthalic acid prices were stable to low in thinly traded week. Most PTA plants in China were shut ahead of G20 Summit in early September, thus deals were low and sporadic.
Asian PTA markers inched up US$3 a ton CFR China and CFR Southeast Asia in the third week of August. In China, offers for nearby-month goods picked up slightly to US$610-615 a ton, with limited deals within this range.
Purified terephthalic acid markets were almost calm early in the week and saw prices inching up on last two days in line with firmer upstream markets. Demand from India reportedly slowed down.
Asian PTA markers inched up US$2 a ton CFR China and CFR Southeast Asia in the second week of August. Purified terephthalic acid prices rose in Asian market in line with paraxylene cost, giving support to sentiment. Supply dearth continued as Mitsubishi Ningbo 600,000 ton a year PTA plant remained shut and restart was unclear after it was shut unexpectedly in early July. Meanwhile, OPTC plans to permanently shut its old PTA unit in 2017.
Asian PTA markers were assessed down US$9 a ton CFR China and CFR Southeast Asia in the first week of August. In China, offers remained at US$605-610 a ton, and counter offers were between US$590-600 a ton, on the back of flat discussion and transaction.
Purified terephthalic acid prices in Asian markets moderated as market participants expect the bearish outlook to prevail in the mid-term, given the oversupply in China. With paraxylene contract price confirmed, the conversion cost for PTA recovered somewhat.
Asian PTA markers were down US$3 a ton CFR China and CFR Southeast Asia in the last week of July. In China, offers fell gradually to below US$610 a ton, and counter offers fell below US$600 a ton, with discussions stalemated.
Yisheng Petrochemical’s offer were at US$610-615 a ton while Hengli Petrochemical issued self-lifting offer were at US$630-640 a ton.
In Shengze, offers for 32s polyester yarn were up US cents 14 a kg in the third week of July, and 45s were up US cents 17 a kg on the week. In Qiangqing, offers for 32s weaving rose US cents 12 a kg during the week.
Spun polyester yarn offers were raised in China somewhat with 32s and 45s seeing rise of US cents 14-17 a kg on the week, with the latter seeing moderate sales.
In Fujian, as spun yarn mills joined to pull up offers, together with an increase in PSF price, the selling prices of spun polyester yarns also moved up that week.
Asian PTA was assessed up US$2 a ton CFR China and CFR Southeast Asia in the third week of July. In China, offers were maintained at US$620 a ton throughout that week, with buying ideas around US$610 a ton. PTA spot supply was not abundant, and selling ideas on warehouse receipts slipped early that week.
Purified terephthalic acid prices were assessed marginally up on the week in Asian markets amid better domestic demand in China. Hengli will shut its 2.2 million ton a year PTA plant while Hanbang will restart its similar capacity plant soon.
Asian PTA markers, fell US$6 a ton CFR China and down US$5 a ton CFR Southeast Asia in the first week of July. In China, offers for nearby-month goods weakened, and counter offers were stalemated. Yisheng Petrochemical dropped offer by US$5 a ton while Hengli Petrochemical issued self-lifting offer for bonded cargoes at Chinese main ports were also down US$5 a ton.
Asian PTA marker, the CFR China rose US$1 a ton CFR China and up US$7 a ton CFR Southeast Asia in the last week of June. In China, offers for nearby-month goods were at US$640 a ton, and counter offers were below US$620 a ton.
