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Chinese spot market of PTA imports flat
12
Jul '11
Spot market of PTA imports was flat. Offers for Taiwan goods from cargo holders were at US $1170-1175 / ton, downstream inquiries were US $1165 / ton, and actually negotiated price was about US $1170/ ton.

Offers for South Korean goods stood at US $1150-1155/ ton, downstream bids were around US $1145/ ton and actually negotiated price was US $1150 / ton.

PTA market conditions in East China were temporarily stable on July 11. Cargo holders offered around 9100 Yuan / ton, downstream factories made inquiries at about 9000-9050 Yuan / ton, actually negotiated price was around 9050 Yuan / ton. Holders were somewhat reluctant to sell goods at low price. Trading atmosphere looked plain, practical talk was light.

PTA market conditions in North China slightly rose, market supply was limited, cargo holders offered around 9150-9200 Yuan / ton, downstream bids were around 9000-9050 Yuan / ton, actually negotiated price focused on 9050-9100 Yuan/ ton, trading atmosphere was plain, actual discussion was light.

Fibre2fashion News Desk - China

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