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Chinese PTA spot still in upward mode
Dec '10
Spot market of PTA imports continued to move up, offers for Taiwan goods increased to about US $1,190 / ton, actual negotiation level was $1175-1180 / ton, offers for South Korean goods were assessed at US $1,170 / ton, counteroffers from downstream sector were at $1160-1165 / ton, while actual negotiation level was at $1165 price / ton, firm offers were light.

Domestic prices in PTA market in East China rose on December 14, holders raised offers to about 9,500 Yuan / ton, counteroffers from downstream sector were around 9,400 Yuan / ton, holders were reluctant sellers at low prices and trading atmosphere in the market looked slightly in stalemate.

PTA quotations in North China slightly increased, mainstream offers in the market rose to 9450-9500 Yuan / ton, counteroffers from downstream sector were around 9,400 Yuan, but, actually negotiated price ranged around 9400-9450 Yuan / ton. Trading atmosphere was flat, actual transaction was scarce.

Fibre2fashion News Desk - China

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