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China’s Zhuhai nominates February PTA contract

by ChemOrbis Editorial Team - content@chemorbis.com
  • 04/02/2015 (15:23)
According to market sources, China’s BP Zhuhai Chemical has announced its February PTA contract at CNY4800/ton ($667/ton without VAT), up CNY170/ton ($28/ton) from January.

Meanwhile, sources also stated that the company is planning to launch its new PTA plant in Zhuhai sometime between March to June. The plant is expected to have a production capacity of 1.25 million ton/year of PTA. In Zhuhai, the company already has one PTA plant with a capacity of 1.1 million tons/year.
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