Filament inventories are at historically high level, forming the most important bearish forces in PTA market. With some large PTA enterprises in China and East Asia have stopped production for maintenance and PTA output seems to withhold to a certain extent, the market remains to be in doldrums.
PTA spot price of general cargoes from Taiwan and South Korea is offered at about US $850 per ton (CFR China L/C90 days), while the mainstream price maintains at $845 per ton CFR China L/C90 days, PTA mainstream price by Southeast Asia marks at $840 CFR China L/C90 days. The market is in a strong wait-and-see mood.
Fibre2fashion News Desk - China
marketing@alchempro.com
