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PTA spot market in stalemate
May '09
In recent days, there is very less activity in spot markets of PTA imports and it seems to be a position of stalemate in China.

Sellers of PTA are quoting at US $830-840 per ton, while buyers are making counter offers at only $820 per ton.

A few traders increased their offers to $825 per ton, but since the gap is still $5 per ton, so no transaction reports are being reported.

Fibre2fashion News Desk - China

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