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PTA trends continue to march
28
Dec '10
PTA price in East China continued to rise on December 27, some sellers stopped offers and became reluctant sellers, market offers increased to about 9700 Yuan / ton, actual negotiating price rose to around 9650 Yuan / ton, most transactions were concluded between traders, downstream factories were mostly watching and waiting and actual negotiations were moderate.

PTA market in North China continued to rise, mainstream offers increased to about 9700 Yuan / ton, actual negotiating price was around 9650 Yuan / ton, but purchasing enthusiasm of buyers was subdued, trading sentiment remained dull, actual discussion was light.

Imported PTA price in spot market rose further, sellers were in good sentiment, and market supply was tight. Offers for Taiwan's bonded goods and sporadic shipment rose to about US $1220 price / ton, counteroffers from downstream sector were US $1200/ ton, but, actual negotiating price was US $1210/ ton.

Offers for South Korean bonded goods rose to US $1,200 / ton; actual negotiating price was US $1,195 / ton. Sellers were reluctant to sell under and actual negotiation was scarce.

Fibre2fashion News Desk - China

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