Chinese PTA market faces downside risks in May

China's purified terephthalic acid (PTA) market is witnessing range bound fluctuations since the beginning of this month. 

 

China's purified terephthalic acid (PTA) market is witnessing range bound fluctuations since the beginning of this month.At present, inventory #

At present, inventory of polyester filament has reduced to a reasonable level, owing to de-inventory of downstream polyester plants in April.

 

China's purified terephthalic acid (PTA) market is witnessing range bound fluctuations since the beginning of this month.At present, inventory #

The current inventory of high-speed spinning partially oriented yarn (POY) could last for 16 days. Similarly, the stock of fully drawn yarn (FDY) could last for 14 days, while the inventory of draw textured yarn (DTY) could last for 24 days.

 

China's purified terephthalic acid (PTA) market is witnessing range bound fluctuations since the beginning of this month.At present, inventory #

The price fluctuation of these products is in the range of 200-500 yuan/ton. Factories in Zhejiang are currently operating at about 74 percent capacity.

 

China's purified terephthalic acid (PTA) market is witnessing range bound fluctuations since the beginning of this month.At present, inventory #

The prices of PTA spot and futures are still weak. Based on the current availability of raw material paraxylene (PX), and the production of polyester industry, Chinese PTA market still faces downside risks in May, according to experts.

 

China's purified terephthalic acid (PTA) market is witnessing range bound fluctuations since the beginning of this month.At present, inventory #