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Chinese PTA prices in rising mode
Jan '11
PTA prices in North China market continued to rise slightly on January 19, mainstream offers were around 10800-10900 Yuan / ton, and counteroffers from downstream sector were around
10600-10700 Yuan / ton, actually negotiated prices were around 10700-10800 Yuan / ton.

PTA prices in East China market increased slightly, offers from holders were around 10700-10800 Yuan / ton, counteroffers from downstream sector were around 10,600 Yuan / ton, actually negotiated prices were around 10650-10700 Yuan / ton. Trading atmosphere appeared calm, actual negotiation was fair.

Spot prices in PTA import market were flat. Offers for Taiwan's bonded goods and cargo consolidated around US $1380/ ton, actual negotiation level was around US $1365 / ton.

Offers for South Korean bonded goods were around US $1360/ ton, actually negotiated price was around US $1350/ ton, market supply was tight, offers from traders were strong, trading atmosphere was good and it was heard that some transactions were reached.

Fibre2fashion News Desk - China

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