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Spot market of PTA imports stable
Sep '11
Spot market of PTA imports was stable. While market offers for Taiwan stock were at US$ 1310-1320/ton, downstream inquires were for US$1300-1305/ton, actual negotiated price was around US$ 1305-1310/ton.

For South Korean stock, market offers were at US$ 1290/ton, downstream bids were for US$ 1280/ton, while the actual negotiated price was around US$ 1285/ton.

In North China, PTA market was stable with cargo holders showing reluctance to sell at low price due to tight supply. There were sporadic offers for 10,350 Yuan/ton, downstream inquires were around 10,250 Yuan/ton, and the price actually negotiated was around 10,300 Yuan/ton. Downstream manufacturers showed caution while buying at high price, market had a watchful atmosphere, and actual negotiations were limited.

In East China, domestic PTA market rose slightly on September 5, in spite of limited market supply and reluctance by cargo holders to sell at low price. There were sporadic offers around 10,300-10,350 Yuan/ton, with sporadic downstream bids around 10,200-10,250 Yuan/ton, and the price was actually negotiated around 10,300 Yuan/ton.

Fibre2fashion News Desk - China

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