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Chinese PTA spot import market light on May 9
May '12
China's spot market of PTA imports was light on May 9. Market offers for Taiwan supply were in the range of US $1150-1155 / ton, downstream manufacturers bid around $1140 / ton; actual negotiation was in the range of $1145-1150 / ton.

Market offers for Korean goods were in the range of $1140-1145/ ton, downstream manufacturers bid in the range of $1135-1140 / ton, actual negotiation was around $1140 / ton.

China's PTA market in North China softened on May 9. Trading atmosphere was light in and actual trade appeared scarce.

Market offers were around 8700 Yuan / ton, bids from downstream manufacturers were around 8600 Yuan / ton and actually negotiated price was about 8650 Yuan / ton.

In East China market offers from cargo holders were around 8650 Yuan / ton, bids from downstream manufacturers were around 8600 Yuan / ton, actually negotiated price was about 8600 Yuan / ton.

Fibre2fashion News Desk - China

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