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Chinese PTA spot market stable on May 21
May '12
In East China, the domestic Purified Terephthalic Acid (PTA) spot market was stable on May 21. Selling offers were in the range of 8500-8550 Yuan/ton, downstream manufacturers bid for price in the range of 8400-8450 Yuan/ton, and actually negotiated prices were in the range of 8450-8500 Yuan/ton.

In North China, PTA market was flat on May 21. Sellers quoted price in the range of 8550-8600 Yuan/ton, downstream manufacturers showed interest in the price around 8450 Yuan/ton, and actual negotiations took place in the range of 8450-8550 Yuan/ton. Overall trading atmosphere was dull in the market and actual negotiation was limited.

For Taiwan PTA, sellers quoted price of around US$ 1110/ton, while buyers bid for price in the range of US$ 1090-1095/ton, and finally negotiated prices were in the range of US$1095-1100/ton.

Similarly, for Korea produced PTA, selling offers were in the range of US$ 1090-1095/ton, while buying bids were in the range of US$ 1080-1085/ton, and actually negotiated prices were in the range of US$ 1085-1090/ton.

Fibre2fashion News Desk - China

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