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China's PTA spot market sees limited transactions
Sep '12
In East China, offers for Purified Terephthalic Acid (PTA) in the spot market were around 8,600 yuan/ton on September 17. Some negotiations took place in the price range of 8,450-8,500 yuan/ton.
For Taiwan produced goods, PTA market offers were in the range of US$ 1,140-1,150/ton, buyers bid for price of around US$ 1,120/ton and actual negotiations took place at price of US$ 1,125/ton or more.
For Korean cargo, PTA prices were quoted around US$ 1,130/ton, and actual negotiations were around US$ 1,120/ton.
The market was under wait-and-watch mode and actual negotiations were limited.

Fibre2fashion News Desk - China

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