18 February 2009 02:56 [Source: ICIS news]
SINGAPORE (ICIS news)--Taiwanese suppliers of purified terephthalic acid (PTA) have settled their contract price for January at $65-70/tonne (€51.4-55.3/tonne) higher than the previous month’s price due to limited supply in the market, company sources and their customers said on Wednesday.
The January contract was settled at $620-625/tonne delivered (?xml:namespace>
“In general, supply was tight and demand from many downstream players was relatively stable,” said a source from Shinkong Synthetic Fiber, a leading PTA consumer in
Shortage in feedstock paraxylene prompted PTA makers to lower operating rates, making PTA availability scarce, which in turn helped nudge up prices, said a source from producer Tuntex Petrochemical.
PTA suppliers in
$1 = €0.79
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