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(ICIS) -- Spot purified terephthalic acid
(PTA) prices in Asia may fall further after falling to a six-month low last
week, on soft downstream demand and huge capacity additions in China over the
next three months, industry sources said on Monday.
PTA spot prices shed USD 12-17/tonne (EUR 8-12/tonne) week on week to USD
1178-1.193/tonne CFR (cost & freight) CMP (China Main Port) on 17 June,
after hovering at around USD 1.190-1.220/tonne CFR CMP for more than a month,
according to ICIS.
Most market players are pessimistic about the PTA market in the third
quarter with a total 2.7m tonnes/year coming on stream in China through August,
amid a slowing down of demand from the downstream textile industry.
mrcplast.com
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