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PTA market covered with thick watch sentiment
Dec '10
PTA market in North China was sedate on November 9; inquiries from downstream manufacturers were less, while the market was covered with thick watching sentiment.

Mainstream offers were maintained at 9250-9300 Yuan / ton, counteroffers from downstream sector ranged between 9150-9200 Yuan / ton, actual negotiation level was around 9200-9250 Yuan / ton, trading atmosphere subdued and actual transaction was scarce.

PTA market in East China was stable, holders made offers around 9250 Yuan / ton, counteroffers from downstream factories were about 9150 Yuan/ ton, however, and actually negotiated price was 9200 Yuan / ton.

PTA futures entered a narrow range amid shocks; downstream manufacturers showed less interest in buying, the market was cautious in mentality, actual negotiation was light.

PTA market of imported cargo was basically stable, sporadic offers for Taiwan stock were around US $1,170 / ton, actual negotiation was around $1160 price / ton. Offers for supply from South Korea were around $1160/ ton; actual negotiation price was around $1145/ ton.

Fibre2fashion News Desk - China

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