Asian PTA: Prices rise amid stronger upstream market■ PTA Prices Move in Line with PX
Prices■ South Korea's stable PTA marketAsian purified Terephthalic Acid prices
increased $39-45/mt over the week to $841-870/mt CFR China on Aug. 12, due to
higher upstream PX markets and higher domestic PTA prices. CFR Taiwan/China's PX
marker rose $59.33-65.45/mt to $1,112.33/mt on Aug. 12. Due to low run rates from producers, PX supply was still
limited in the short term. China's
domestic PTA prices increased from Yuan 455/mt to Yuan 6,217/mt exp-warehouse A trader stated that although there is not much movement in
demand and supply, the price rises likely result from crude oil which increases
production costs. Midweek saw domestic PTA
markets quieter as CCF participants were absent. Trade activity increased on August 12, when a major supplier
bought PTA cargoes. Sources said that...