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Spot market of PTA imports appears flat
02
Aug '11
Spot market of PTA imports was flat, cargo holders offered US $1225/ ton for Taiwan goods, downstream inquires were around US $1210-1215/ton, and actually negotiated price was around US $1215-1220 / ton.

Offers for South Korean stock were around US $1,210 / ton, downstream bids focused on US $1190 / ton, actually negotiated price ranged US $1195-1200 /ton.

PTA market conditions in North China were steady on August 1, market supply was limited, cargo holders made few offers.

Sporadic offers were around 9450-9500 Yuan / ton, downstream inquires were around 9350-9400 Yuan / ton, actually negotiated price focused on 9450 Yuan/ton.

Demand from downstream manufacturers was light, the market was covered with thick watching attitude, and actual negotiation was limited.

PTA market conditions in East China was flat, cargo holders offered around 9450 Yuan / ton, inquiries from downstream manufacturers were around 9,400 Yuan / ton, actually negotiated price focused on 9400-9450Yuan / ton. Trading atmosphere was dull, actual discussion was light.

Fibre2fashion News Desk - China

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