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Chinese PTA spot import market improves
25
Oct '11
Spot market of PTA imports advanced on October 24. Market price for Taiwan's stock was around US $1140-1145 / ton, downstream inquiries were around US $1130-1135 / ton, and actually negotiated price was US $1135-1140/ ton.

Offers for South Korean stock were around US $1120 / ton, downstream bids were around US $1110 / ton; actually negotiated price was around US $1110-1115 / ton.

PTA market conditions in North China rose on October 24. Cargo holders offered goods around 8,950-9,100 Yuan / ton.

However, downstream buyers adopted a wait and watch stance. Some bids were quoted around 8,800-8,850 Yuan / ton and actually negotiated price was around 8,900-9,000 Yuan / ton.

PTA market conditions in East China too rose. Cargo holders offered around 8,900-9,000 Yuan / ton; downstream bids were around 8,800 Yuan / ton, actually negotiated price focused on 8,850-8,900 Yuan / ton

Fibre2fashion News Desk - China


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