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Chinese PTA market remains flat on Sept 16
Oct '12
In North China, purified terephthalic acid (PTA) market remained flat on September 16. Cargo holders quoted price of about 8,500 yuan/ton, while downstream buyers bid for price of around 8,400 yuan/ton, and actual negotiations took place in the price range of 8,400-8,450 yuan/ton.
In East China too, the domestic PTA market remained flat on September 16. Market offers were around 8,450 yuan/ton, downstream manufacturers bid for about 8,350 yuan/ton, and actually negotiated prices were in the range of 8,350-8,450 yuan/ton. However, very few actual negotiations took place.
For Taiwan produced PTA, market offers were in the range of US$ 1,110-1,115/ton and bids were for price of US$ 1,095/ton or higher, and negotiated price was around US$ 1,105/ton.
For PTA imported from South Korea, market offers were around US$ 1,100/ton and downstream bids were around US$ 1,090/ton and limited market discussion took place around US$ 1,095/ton.

Fibre2fashion News Desk - China

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