Sign in | Join free

Chinese pta and px prices up in last one month

Chinese pta and px prices up in last one month Source: www.fibre2fashion.com
Date: 16-01-2012
Visits: 255
Very Poor

China's domestic PTA spot market price rebounded in the past month. As of January 12, PTA spot market price was 8,800 Yuan / ton, up 4.14 percent from 8,450 Yuan / ton on December 12.

PX price too continues to rise. Asian PX price is in the range of US $1589.5-1590.5 / ton (CFR China/Taiwan). Downstream polyester market is releasing demand in a concentrative pattern. Some PTA producers hold zero inventories, so their offers are slightly higher.

Currently main domestic PTA producers, such as Xianglu Petrochemical, Far East Petrochemical and Yi Sheng Petrochemical have set their December settlement price at 8,700 Yuan / ton, and January listing price at 8,800 Yuan / ton.

Asian PTA capacity was 43.7 million tons in 2011. According to ICIS data, PTA production capacity in Asia will increase by 26 percent in 2012; all new capacity will be concentrated in China.

Asian PTA producers will face pressures of excess capacity in 2012. Current operating rate of PTA plants is about 80-85 percent, the rate may go further lower in the future.

 

like 216 Unlike 24
Users Comments
No comments to display
Are you sure you want to delete this comment.
Add your comment
User Name:
Email: Will not be published
Rate This article:
Comment:
Maximum 3500 characters
Your name
Your email address
Your friend email address
  • /images/ourservices/125-600/pricetrend.jpg
  • /images/ourservices/125-600/product.jpg
  • /images/ourservices/125-600/videos.jpg
Suntex Asia Limited
32341 Users
have already joined suntexasia.com. Shouldn't you?
Full registration will provide you access to all our free services. It takes only one minute and it is free Go here
Quick registration (it's free)
Accesss to some of our free services
Select membership
Full Name
User Name
Email
Password
Enter the code
kbsvt
(Note: If you can't read the letters, reload the page to generate a new one.)
terms and conditions
 
Members Login
Already registered
Email
Password
Forgot your password
golden fees
Enter your e-mail address
Choose your room