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Oversupply weighs on Asia’s paraxylene prices
October 2016
Asia’s spot paraxylene (PX) prices are likely to remain under downward pressure from ample regional supply amid continued weakness in downstream markets, industry sources said. Asia’s PX inventory remained high, with end-users not likely to hold on to excess volumes in the near term, market sources said. Cargoes from Singapore, India, the Middle East and the US for November and December shipments remained on offer in Asia. Excess monthly supply is estimated at 20,000 tonnes, but traders said that the combined volumes for October and November shipments could be as high as 100,000 tonnes, augmented by Europe cargoes, market sources said.
Anti-dumping duty on PTA from 5 countries
August 2016
Indian producers of purified terephthalic acid (PTA), a key raw material for manufacturing polyester chips, have cause for cheer with the Finance Ministry imposing definitive anti-dumping duty (ADD) on its imports from China, Iran, Taiwan, Indonesia and Malaysia. This Revenue Department move-which came less than a month after the recommendation of the designated authority in the Commerce Ministry-is expected to come as a relief for Reliance Industries and Indian Oil Corporation Ltd (IOCL).
Anti-dumping duty on PTA from 5 countries
July 2016
Indian producers of purified terephthalic acid (PTA), a key raw material for manufacturing polyester chips, have cause for cheer with the Finance Ministry imposing definitive anti-dumping duty (ADD) on its imports from China, Iran, Taiwan, Indonesia and Malaysia. This Revenue Department move-which came less than a month after the recommendation of the designated authority in the Commerce Ministry-is expected to come as a relief for Reliance Industries and Indian Oil Corporation Ltd (IOCL).
Asia PTA facing pressure in 2016
September 2015
Asia´s purified terephthalic acid (PTA) industry is expected to come under increasing pressure in 2016 as India adds 2.3 mt to its production capacity in the first half of 2016, industry sources said.
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