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Spot market of PTA imports improves slightly
Oct '11
The spot market of Purified Terephthalic Acid (PTA) imports slightly improved on October 9.

For Taiwan stock, market offers were around US$ 1,220-1,240/ton, inquires from downstream industries were for around US$ 1,200/ton, and actually negotiated price was around US$ 1,215-1,220/ton.

For South Korean stock, offers were around US$ 1,210/ton, bids from downstream industries were around US$ 1,180/ton, and actually negotiated price was around US$ 1,180-1,190/ton.

In North China, PTA market improved with cargo holders making offers around 9550 Yuan/ton. Downstream buyers bid for around 9450 Yuan/ton, resulting in actually negotiated price of around 9500 Yuan/ton. Overall, trading atmosphere looked flat with moderate number of actual negotiations taking place.

In East China too, PTA market rose with cargo holders quoting price of around 9450 Yuan/ton. Scattered bids from downstream buyers were around 9350 Yuan/ton, and actually negotiated price was around 9350-9400 Yuan/ton.

Fibre2fashion News Desk - China

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