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Limited discussions in China's PTA spot market

05 Dec '12
1 min read

There were limited discussions in China’s purified terephthalic acid (PTA) spot market on December 4.
 
In East China, PTA spot market offers were around 8,250 yuan/ton, while downstream buyers made bids in the range of 8,150-8,200 yuan/ton. Market negotiations centred around 8,200 yuan/ton.
 
For Taiwan produced PTA, market offers were around US$ 1,140/ton, while downstream manufactures bid for price of around US$ 1,130/ton. Discussions remained in the range of US$ 1,130-1,135/ton.
 
For Korea produced cargo, PTA offers were around US$ 1,130/ton, while bids were at US$ 1,115/ton or slightly higher and discussions were in the range of US$ 1,120-1,125/ton.
 

Fibre2fashion News Desk - China

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