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Chinese spot PTA import market subdued
23
Aug '11
Spot market conditions of PTA imports remained subdued and trading atmosphere was under slight stalemate.

Cargo holders offered at around US $1275-1280 / ton for Taiwan goods, downstream inquires were at around US $1255/ ton: actually negotiated price was near US $1260-1,265 / ton.

Offers for South Korean stock stood at US $1,250 / ton, downstream bids were around US $1240/ ton, and actually negotiated price was US $1245 / ton.

PTA market conditions were temporarily stable in North China on August 22, cargo holders offered cargo at about 9,900-9,950 Yuan / ton, downstream bids were around 9,800-9,850 Yuan / ton, and actually negotiated price was around 9,850-9,900 Yuan / ton.

Market trading atmosphere appeared flat, actual negotiations were moderate.

Domestic market price of PTA was flat in East China, cargo holders offered at about 9,900-9,950 Yuan / ton, downstream bids were around 9,800-9,850 Yuan / ton; actually negotiated price was around 9,850-9,900 Yuan / ton.

Market trading atmosphere appeared bland, actual discussion was limited.

Fibre2fashion News Desk - China

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