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Spot market of PTA import weakens
26
Jul '11
Spot market of PTA imports weakened, suppliers made offer for Taiwan goods at US $1,200-1,210 / ton, downstream inquiries were around US $1,195/ ton, actual negotiation focused on US $1,200-1,205 / ton.

Offers for South Korean stock were at US $1,185 / ton, downstream bids were US $1,170/ ton, actual negotiation focused on US $1,175-1180 / ton.

Market conditions of PTA in North China was plain on July 25, cargo holders made offers at 9,400 Yuan / ton, downstream bids were around 9,300 Yuan / ton, actually negotiated price focused on 9,350 Yuan / ton.

Market supply appeared tight, holders were a bit reluctant to sell goods, trading atmosphere was dull and actual discussion was light.

Domestic market price of PTA in East China was flat, cargo holders offered at 9,350-9,400 Yuan / ton, downstream inquires were around 9,200-9,250 Yuan/ ton, actually negotiated price was about 9,300-9,350 Yuan / ton.

Trading atmosphere was bland, actual discussion was light.

Fibre2fashion News Desk - China

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