PTA prices move up in Mumbai market (Business Opportunities - Marketing & Sales)
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Item ID 133506343 in Category: Business Opportunities - Marketing & Sales
PTA prices move up in Mumbai market | |
The price of Purified Terephthalic Acid (PTA) in the Mumbai market experienced an upward movement today, attributed to slight fluctuations in supply and demand and rising raw material costs. According to Indian Petrochem analysts, on April 29, 2025, the price of Purified Terephthalic Acid (PTA) increased by Re.1/kg, moving from Rs.72/kg on April 28, 2025, to Rs.71/kg. PTA is a crucial raw material in the production of polyester staple fibers, polyester filament yarns, and polyethylene terephthalate (PET), especially when combined with monoethylene glycol (MEG). These polyester fibers and yarns are extensively used in the manufacturing of textiles and films. The recent price reduction in PTA may influence the downstream industries, potentially leading to cost adjustments in textile and packaging sectors that rely on polyester products. Indian producers: Reliance Industries Limited: Reliance Industries Limited is a leading producer of PTA in India and has a production capacity of over 4 million tonnes per year. Indian Oil Corporation Limited: Indian Oil Corporation Limited is a major producer of PTA in India and has a production capacity of over 1 million tonnes per year. Global producers: BP: BP is a major producer of PTA and other petrochemical products and has a global production capacity of around 5.5 million tonnes per year. SABIC: SABIC is a global producer of PTA and other petrochemical products and has a global production capacity of around 4.5 million tonnes per year. The global production capacity of purified terephthalic acid (PTA) is expected to increase from 121.23 million tonnes per annum (mtpa) in 2023 to 160.67 mtpa in 2028. This is a total growth of 32.5%, Indian PTA Prices, PTA Prices In India, Indian Prices PTA, Indianpetrochem. #IndianPTAprices #PTApricesinindia #IndianpricesPTA #Indianpetrochem | |
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| Target State: All States Target City : Delhi, Ahamdabad and Mumbai Last Update : Apr 29, 2025 10:04 AM Number of Views: 25 | Item Owner : indianpetrochem Contact Email: Contact Phone: (None) |
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2025-04-30 (1.750 sec)