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Chinese PTA spot import market weak on Nov 10
11
Nov '11
China's spot market of PTA imports appeared to be weak on November 10, trading atmosphere was light.

Offers for Taiwan stock were US $1100 / ton, downstream inquiries were around US $1050 / ton, and actually negotiated price was about US $1060 / ton.

Offers for Korean goods priced at US $1050 / ton, downstream inquires were around US $1020 / ton, actually negotiated price focused on US $1030 / ton.

PTA domestic market conditions were light in North China on November 10, cargo holders offered at about 8,050-8,100 Yuan / ton, demand from downstream manufacturers was poor.

Counteroffers in the market were about 8,000 Yuan / ton, and actually negotiated price was around 8,050 Yuan / ton.

PTA market conditions weakened in East China, stock holders offered at around 8,100 Yuan / ton, downstream inquires were about 7,950 Yuan / ton, trading sentiment looked sluggish, actually negotiated price was around 8,000 Yuan / ton.

Fibre2fashion News Desk - China

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