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China’s PTA prices move up in H1

Shandong (JLC), July 9, 2021--China’s PTA prices increased in the first half of the year on cost support and relatively strong demand.

07-09-2021 17:19:12

PTA prices may rise on improving fundamental

China’s PTA prices will possibly go up in coming days of March as the product supply will be tight amid maintenance and downstream demand may rise.

03-08-2021 16:09:32

PTA market mute without bullish factors

Shandong (JLC), September 25, 2019--The PTA market was mute amid ample supply, weak end demand and unsustainable support from crude oil market.

09-25-2019 16:24:03

1.2 million mt/yr PTA project at Zhongtai Petrochemical is progressing smoothly

Xinjiang Korla Zhongtai Petrochemical (hereinafter referred to as Zhongtai Petrochemical) held a public opening day on August 22. The company’s 1.2 million mt/yr PTA project was progressing smoothly and was expected to be completed and put into operation on October 30, 2019.

08-30-2019 13:42:55

PTA market may rebound

In August, with the escalation of Sino-US trade friction, the 2001 contract price of PTA continued to run at a low level, and the lowest fell to CNY5,014/mt.

08-28-2019 16:58:07

Drops of PTA prices slow down

On August 7, the drops of domestic PTA spot market price slowed down, down by 0.21% from the previous day and down by 27.36% year-on-year. The futures market fluctuated and the main futures contract (1909) closed at CNY5,148/mt, up by CNY2/mt or 0.04% from the previous trading day.

08-08-2019 17:16:57

PTA market to be weak in August

The PTA market might continue to be weak as the PTA oversupply situation aggravated and the contradictions between upstream and downstream would be further intensified.

08-08-2019 11:30:16

The PTA price may continue to decrease

The PTA price might continue to decline as the upstream Fujian Fuhaichuang Petrochemical’s 1,600,000 mt/yr PX unit was restarted and Sinochem Hongrun Petrochemical’s new unit was put into operation, and the downstream demand was sluggish entering off-peak season.

08-07-2019 16:27:27

PTA market sentiments are sensitive amid unit maintenance

Shandong (JLC), April 17, 2019--PTA market sentiments were sensitive recently affected by unit maintenance.

04-17-2019 09:30:32

China PTA likely to eye large capacity expansion

Shandong (JLC), February 22, 2019--China PTA capacity will possibly see wide expansion during 2019-2020 as many new units will come onstream.

02-22-2019 16:01:55

PTA supply to drop in March

Shandong (JLC), February 18, 2019--PTA supply is expected to reduce in March 2019, as units at main producers will eye maintenance.

02-19-2019 16:18:57

Hengyi Petrochemical’s PMB project is expected to boom PTA market

Hengyi Petrochemical recently planned to collect CNY3.8 billion of 500 million shares to invest in the 8 million mt/yr PMB refining and chemical project. The total investment is estimated at $253 million.

11-19-2015 18:06:45

Insights for China PTA market in Q4 2015

China PTA spot market seems to suffer a series of “problems” after stepping into 2015. In Q4, factors affecting PTA market also appear to be extensive.

11-12-2015 15:33:09

China PTA industry strides forward into expansion era

In the past 5 years, China PTA capacity has ballooned from 15 million mt/yr in 2010 to around 46 million mt/yr in 2015, up by over 200%. China, as the top 1 importer for PTA, has achieved self-sufficiency and eyes some net export during April-July 2015.

10-29-2015 16:52:20

Prosperous PTA market might plunge into seasonal weakness

Since early July, average price of PTA fluctuated around $4,400-4,800/mt, which was held up by output reduction but restricted by slack demand. Therefore, uptrend was hard to maintain. Approaching November, China PTA spot price is confronted with resistance to rise.

10-29-2015 15:59:11

PTA units lockout of Hanwha General Chemical

Since its acquisition of Samsung General Chemical Co., Ltd., Hanwha Group has been puzzled by strikes. The reason was that the employees were unsatisfactory for benefits and compensations.

10-22-2015 17:31:48

PTA sees no improvement in fundamentals

Oil price rebounded in early October, propping up domestic bulk commodity market including PTA. However, such flourishing recovery failed to reverse supply and demand pattern of PTA.

10-22-2015 14:50:21

Middle East: Asian PTA’s new stage

According to observers, PTA cargos exported to Asia have been cutting down mainly due to slack demand from traditional importers China and India, which are holding more newly-built capacity.

10-22-2015 14:47:49

PTA upward trend is weak amid short of rebound factors

In 2015, the traditional “Golden September and Silver October” peak season for polyester didn’t appear, and the PTA industry was too weak as well.

10-14-2015 10:00:56

The biggest mono-system PTA unit went into operation in BP (Zhuhai)

On July 2nd, the No.3 PTA unit of BP (Zhuhai) has been officially put into operation. The unit is designed to produce 1.25 million mt of PTA per year, serving as the biggest mono-system PTA unit globally.

07-08-2015 16:10:02

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