By Malini Hariharan The weakness in Asian petrochemical markets is continuing with buyers taking cues from developments in the crude oil and stock markets. In polymers, despite a slight rebound in polyethylene (PE) prices late last week the buying sentiment remained negative in China. The mood worsened today following a 5% fall in linear-low density […]
Asian Chemical Connections
PTA futures growing in influence?
Source of picture: 1st-commoditytrading.us It’s only one comment from one consultant, but this is what he said today about the growing role of the Zhenghou Commodity Exchange‘s purified terephthalic acid (PTA) futures contract. “PTA futures have been exerting a huge impact on spot pricing starting 2H July. “We haven’t seen any increase in physical demand […]
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