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After price surge, focus moves towards polyester downstream sector

Author: CCFGroup.com     Time: Aug 6 2018 3:53PM

PTA futures prices rebounded strongly in late July after the consolidation since early April. PTA Sept futures contract increased from 5,340yuan/mt to 6686yuan/mt on Aug 3, a record high since Oct 2014. On the Friday night, PTA futures continued to rise sharply. As of the close of the night trading, PTA Sept contract jumped up 320 points to 7,066yuan/mt, an increase of 4.74%. PTA market continued its soaring journey, which increased by more than 11% in the past three working days and 20% in ...
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