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China's PTA spot market trends on Sept 4
Sep '12
Purified Terephthalic Acid spot market prevailed in the range of 8,250-8,300 Yuan/ton in East China on September 4. Downstream manufacturers made bids for 8,150 Yuan/ton or lower, but negotiated price was about 8,200 Yuan/ton. However, actual negotiations were limited as buyers were not willing to pay higher price.
For Taiwan produced PTA, market offers were in the range of US$ 1,060-1,070/ton on September 4. Downstream buyers bid for price of around US$ 1,055/ton or higher, and actual negotiated price was US$ 1,060/ton.
For Korean PTA, offer prices were in the range of US$ 1,050-1,060/ton, while downstream buyers pitched for price of around US$ 1,045/ton and very few actual negotiations took place at price of US$ 1,045/ton or higher.

Fibre2fashion News Desk - China

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