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PTA imports spot market stays unchanged
Dec '10
Spot market of PTA imports was almost unchanged on December 7, discussing atmosphere turned dull, offers for sporadic bonded goods made in Taiwan were around US $1,180 / ton, actual negotiation level was $1170/ ton.

Offers for bonded goods made in South Korea stood at $1,165 / ton, actual negotiation level was $1,155 price / ton. Market atmosphere was in slight stalemate and firm offers were light.

PTA price in East China increased slightly, holders made offers at 9350-9400 Yuan / ton, while inquiries from downstream market were around 9250-9300 Yuan / ton; actual talking price was reported at 9300-9330 Yuan / ton.

PTA price rose slightly in North China market as being driven by the rise in futures market, market offers slightly rose to 9,400 Yuan / ton, downstream manufacturers were still waiting and seeing. Traders made counteroffers around 9300 Yuan / ton; holders were reluctant sellers, while talking price was around 9300-9360 / ton.

Fibre2fashion News Desk - China

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