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PTA-PX margin falls to 8-year low

12:06
March 17, 2022
MG

March 17, 2022 (MLN): Purified Terephthalic Acid and Paraxylene (PTA-PX) margin has fallen to 8-year low to stand at $38/ton on March 17, 2022, down by 81% WoW, a note by Foundation Securities cited.

The PTA price has declined to $865/ton today, down by 14% WoW, due to weak demand from the downstream polyester industry given high polyester staple fibre (PSF) prices.

Whereas, PX price has risen by 3% WoW to $1,235/ton. Resultantly, the PTA-PX margin has fallen to $38/ton today from $201/ton last week, down 81% WoW. While average PTA-PX margin was $132/ton during CY21.

The fall in PTA-PX margin will bode negatively for LOTCHEM profitability which has a breakeven of $83/ton, it added.

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Posted on: 2022-03-17T17:06:57+05:00

31514

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.30000	278.50000	278.50000	278.30000	03:02 PM
2	EUR	1.06698	1.06700	1.06700	1.06698	07:31 AM
3	GBP	1.23866	1.23875	1.23875	1.23866	07:31 AM
4	CHF	0.91130	0.91170	0.91170	0.91130	07:31 AM
5	JPY	154.78600	154.79100	154.79100	154.78600	07:31 AM
6	CAD	1.37060	1.37110	1.37110	1.37060	07:31 AM
7	AUD	0.64543	0.64549	0.64549	0.64543	07:31 AM
8	INR	83.34370	83.34580	83.34580	83.34370	07:31 AM
9	SAR	3.75070	3.75090	3.75090	3.75070	04:31 PM
10	AED	3.67260	3.67290	3.67290	3.67260	04:31 PM
11	HKD	7.83567	7.83590	7.83590	7.83567	07:31 AM
12	CNH	7.26530	7.26545	7.26545	7.26530	07:31 AM
13	CNY	7.24300	7.24400	7.24400	7.24300	11:17 PM
14	THB	37.02800	37.05600	37.05600	37.02800	07:31 AM
15	MYR	4.77750	4.78250	4.78250	4.77750	05:42 AM
16	IDR	16,206.30000	16,210.60000	16,210.60000	16,206.30000	07:31 AM
17	SGD	1.36251	1.36260	1.36260	1.36251	07:31 AM
18	NZD	0.59146	0.59151	0.59151	0.59146	07:31 AM
19	MXN	17.09730	17.10230	17.10230	17.09730	07:31 AM
20	TRY	32.58890	32.59180	32.59183	32.58886	07:31 AM
21	SEK	10.87220	10.87370	10.87371	10.87216	07:31 AM
22	ZAR	19.21480	19.24480	19.24480	19.21480	07:31 AM
23	NOK	10.99780	11.00000	11.00004	10.99782	07:31 AM
24	DKK	6.99190	6.99290	6.99290	6.99190	07:31 AM
25	ARS	872.23700	872.24700	872.24690	872.23690	07:31 AM
26	BDT	107.93300	111.30800	111.30797	107.93329	07:19 AM
27	BHD	0.37698	0.37705	0.37705	0.37698	04:31 PM
28	BRL	5.16374	5.17124	5.17124	5.16374	07:30 AM
29	KRW	1,376.93000	1,378.93000	1,378.93000	1,376.93000	07:31 AM
30	KWD	0.30807	0.30817	0.30817	0.30807	04:31 PM
31	LKR	296.61500	303.17700	303.17688	296.61502	07:19 AM
32	OMR	0.38499	0.38503	0.38503	0.38499	04:30 PM
33	QAR	3.64600	3.64900	3.64900	3.64600	04:31 PM
34	RUB	93.02000	93.04000	93.04000	93.02000	08:00 PM
35	AFN	71.19560	73.07040	73.07036	71.19556	07:19 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:38 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,663.50000	12,729.10000	12,729.07937	12,663.46073	07:19 AM
40	PHP	57.54600	57.57500	57.57500	57.54600	07:31 AM
42	NGN	1,233.95000	1,234.95000	1,234.95000	1,233.95000	07:19 AM
43	KES	133.50000	135.50000	135.50000	133.50000	06:47 AM
44	AMD	362.86800	419.11200	419.11172	362.86770	07:19 AM
45	TWD	32.57250	32.60250	32.60250	32.57250	07:31 AM
46	XAU	2,301.22000	2,301.64000	2,301.64000	2,301.22000	07:31 AM
47	XAG	26.90620	26.91680	26.91680	26.90620	07:31 AM
48	XPT	906.90600	913.74400	910.60000	909.65000	04:30 PM
49	XPD	998.30700	1,005.19000	1,004.56290	999.75000	04:30 PM
2,120	VES	36.26120	36.34220	36.34216	36.26125	08:00 PM
2,212	UGX	3,769.29000	3,853.65000	3,853.65305	3,769.28701	07:19 AM
2,213	TZS	2,594.99000	2,595.01000	2,595.01500	2,594.98500	07:16 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	71,846.64	71,359.405	71,338.43	-74.056	-0.104	383,445,458.0	14,889,881,592.600	23/04/2024 04:13 PM
ALLSHR	47,130.64	46,865.873	46,836.87	-98.781	-0.210	652,962,508.0	24,431,501,771.190	23/04/2024 04:13 PM
KSE30	23,685.35	23,566.856	23,534.69	0.501	0.002	105,787,553.0	9,001,534,258.600	23/04/2024 04:13 PM
KMI30	120,645.96	119,675.932	119,552.66	77.916	0.065	170,342,506.0	8,837,506,407.860	23/04/2024 04:13 PM
KMIALLSHR	33,523.95	33,318.567	33,318.59	-47.008	-0.141	508,418,986.0	19,702,328,669.270	23/04/2024 04:13 PM
BKTi	17,962.81	17,852.482	17,760.93	-63.214	-0.353	24,348,778.0	2,523,701,350.410	23/04/2024 04:13 PM
OGTi	17,099.54	16,869.074	16,809.71	-50.514	-0.299	6,409,607.0	961,700,948.010	23/04/2024 04:13 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	66,095.0	67,340.0	65,975.0	-515.00
BRENT CRUDE	EB	86.6	88.2	86.6	-0.36
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-3.00
ROTTERDAM COAL MONTHLY	ET	120.0	0.0	0.0	1.35
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	81.5	83.0	81.5	-0.40
SUGAR #11 WORLD	SB	19.7	19.8	19.6	0.12

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