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Actual negotiations scarce in PTA market
20 Oct '10
1 min read
PTA imports in spot market were flat on October 19. Offers for Taiwan goods stood at US $1070-1080 / ton, but actually negotiated level was $1050-1060 / ton and for those from South Korea was $1050-1060 / ton, however, actually negotiated prices were $1040-1050 / ton.
PTA market in North China was slightly softer on October 19. Mainstream market price fell to 8,500 Yuan / ton, bids from downstream market were 8400-8450 Yuan / ton, but actually negotiated price was 8460 Yuan / ton. The market was under heavy wait and watch sentiment and actual negotiations were scarce.
PTA market in East China weakened on October 19. Mainstream market offers were 8450-8500 Yuan / ton, bids from downstream market were around 8400 Yuan / ton, but actually negotiated price was around 8450 Yuan / ton.
PTA market in North China was slightly softer on October 19. Mainstream market price fell to 8,500 Yuan / ton, bids from downstream market were 8400-8450 Yuan / ton, but actually negotiated price was 8460 Yuan / ton. The market was under heavy wait and watch sentiment and actual negotiations were scarce.
PTA market in East China weakened on October 19. Mainstream market offers were 8450-8500 Yuan / ton, bids from downstream market were around 8400 Yuan / ton, but actually negotiated price was around 8450 Yuan / ton.
Fibre2fashion News Desk - China
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