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.
South Koreas purified terephthalic acid exports were down 8% month on month to 153,409 tons in July.
In Europe, PTA prices were held firm during the week.
In US, PTA contract prices for August was settled at an increase from July while spot remained stable.
Courtesy: Weekly PriceWatch Report
