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Chinese PTA spot market trends on July 12
13
Jul '12
In China’s purified terephthalic acid (PTA) spot market, offers in East domestic market were in the range of 7400-7450 Yuan/ton on July 12, while buyers asked for 7350 Yuan/ton. Negotiations centred around 7400 Yuan/ton, and actual turnover was light in the market.
 
Offers for Taiwan stocks were around US$ 990/ton on July 12, downstream bids were about US$ 970/ton, and expected negotiation level was around US$ 980/ton.
 
The offer price for Korean stocks was around US$ 990/ton on July 12, with downstream bids being about US$ 960/ton, while expected negotiation level was US$ 970/ton.
 
However, no firm orders were reported in the market.
 

Fibre2fashion News Desk - China

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