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China's PTA spot market in wait-and-watch mode
10
Jul '12
The spot market of Purified Terephthalic Acid (PTA) in China is currently in strong wait-and-watch mode.
 
At the beginning of the week, sporadic offers for PTA in East China market were around 7,500 yuan/ton or higher, while downstream buyers quoted price in the range of 7,400-7,450 yuan/ton.
 
For Taiwan produced goods, sellers quoted price of around US$ 1,000/ton, while buyers bid for US$ 980-990/ton.
 
For Korea produced PTA, the offer price was around US$ 990/ton, whereas counteroffers were for US$ 970/ton.
 
However, there was no report of any deal being finalized.
 

Fibre2fashion News Desk - China

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