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Spot PTA import market trends soften
Jun '11
Spot market conditions of PTA imports softened, offers for Taiwan cargo focused around US $1,195 / ton, downstream bids were about US $1,180 / ton, actually negotiated price concentrated around US $1185 price / ton.

Offers for goods produced in South Korea were around US $1180 - $ 1,185 / ton, while downstream bids were about US $1170 / ton, actual negotiated level was around US $1175-1180/ ton. Trading atmosphere was light, actual negotiation was scarce.

PTA market conditions in North China appeared light on June 20, mainstream offers in the market temporarily stabilized at 9400-9450 Yuan / ton, while downstream inquires were about 9350 Yuan/ ton, actually negotiated price ranged between 9350-9400 Yuan / ton, trading atmosphere was dull in the market, actual negotiation was scarce.

PTA market conditions in East China was dull, offers from cargo holders fell to about 9400-9450 Yuan / ton, downstream inquires were around 9350 Yuan / ton, actually negotiated price was around 9350-9400 Yuan / ton, trading atmosphere was light in the market, actual transaction was limited.

Fibre2fashion News Desk - China

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