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PTA markets in stalemate on July 9
10
Jul '09
On July 9, the atmosphere in China's PTA spot market imports sank in to a stalemate as companies quoted around US $855-860 per ton, while counteroffers from buyers mainly focused around $850 per ton which did not translate in to business.

In East China, PTA domestic market was stable, market offers were around 7150-7200 Yuan per ton, and negotiations were done near about 7050-7100 Yuan per ton. For lower volumes, buyers were willing to offer up to 7200 Yuan per ton.

Processing enterprises in lower reaches took a wait-and-see attitude, due to which real offers were scarce.

Fibre2fashion News Desk - China

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