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Major chinese pta plants operate at normal rates

Major chinese pta plants operate at normal rates Source: www.fibre2fashion.com/news
Date: 02-02-2012
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Most of the PTA plants operated by major PTA producers are operating at normal capacities and all of its production is being supplied to contract users.

Sinopec, the state-owned refinery and petrochemical major has recently announced its February PTA contract listing price at 9,500 Yuan / ton.

Another PTA producer - BP Zhuhai which has a total PTA capacity of 1.6 million tons / year has announced settlement price for January PTA contract at 9,100 Yuan / ton and listing price for February PTA contract at 9,500 Yuan / ton.

Yi Sheng Petrochemical has announced PTA settlement price for January at 9,100 Yuan / ton and listing price for February contract at 9,600 Yuan / ton. It has been reported that operations of one plant with a PTA capacity of 650,000-tons / year is still suspended and is expected to restart production in February.

Far East Petrochemical, which has two PTA plants with production capacity of 600,000 tons / year has announced settlement price for January contract at 9,100 Yuan / ton and listing price for February contract at 9,200 Yuan / ton.

Shanghai Oriental Petrochemical has implemented settlement price for January contract at 9,100 Yuan / ton and its listing price for February is at 9,500 Yuan / ton. It will begin commercial operations of its newly expanded PTA capacity of 100,000 tons / year in February.

 

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