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Limited discussions in China's PTA spot market
05
Dec '12
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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