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Asian PTA plunges from bearish trends last week

01 Jun '15
1 min read

PTA prices plunged in Asia in the last week ended May 29 from bearish buying trends in the region.

In FE Asia, average prices declined by US$ 40/ton or 5.33 per cent and were assessed at US$ 710/ton in the last week, as compared to its previous week.

In SE Asia, average prices decreased by US$ 35/ton and were quoted at US$ 730/ton in the last week, down 4.58 per cent from its previous week.

In India, average prices dropped by US$ 40/ton and were offered at US$ 740/ton in the last week, a decrease of 5.13 per cent as against its previous week.

In China, average prices descended by US$ 25/ton or 3.36 per cent from its previous week and were spotted at US$ 720/ton in the last week.

Fibre2fashion News Desk - India

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