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Wait-n-watch attitude prevails in China's PTA market
Aug '12
In East China, sporadic offers of PTA in spot market were around 7,950 Yuan/ton on August 20. Bids from downstream sectors were for price of around 7,850 Yuan/ton and actually negotiated prices were in the range of 7,850-7,900 Yuan/ton.
The PTA market was in a wait-and-watch mode and negotiations were scarce.
Sporadic offers for Taiwan stock were around US$ 1,020/ton and downstream bids were in the range of US$ 1,010-1,015/ton, while negotiated price was around US$ 1,015/ton.
For Korean cargo, price was quoted around US$ 1,010/ton and downstream buyers showed interest in buying at US$ 1,000/ton. Negotiations were held around price of US$ 1,005/ton, but there was no report of any firm buying.

Fibre2fashion News Desk - India

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