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Chinese PTA & MEG trends in weak adjustment
23
Sep '11
In the last seven days, international oil market was under weak adjustment, the market dropped sharply on Thursday and stood around US $80 / barrel. PX market trends also fell to below US $1,700 in Asia.

PTA market continued to show weak adjustment in China, domestic market price was 10,150 Yuan / ton; negotiated price of foreign stock was around US $1,280 / ton.

MEG market also showed weak adjustment, domestic price was 10,050 Yuan/ ton; offers for foreign supply were US $1290/ ton.

Fibre2fashion News Desk - China

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