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PTA trends on upward curve since seven weeks
21
Jan '11
Recently, crude oil futures in the international market continue to show confusion by falling or rising marginally. Current price is above US $91, market sentiment is fair.

PX market is performing well, market price extends gains, current price is above US $1600 per ton, and is expected to remain in an upward trend amid steadiness.

PTA market has been rising for seven weeks, current market conditions remain strong, offers in China's domestic market is 10,800 Yuan / ton, while discussing level of overseas goods is about US $1380/ ton.

MEG market remains steady, mainstream price under discussion is 9300 Yuan / ton, overseas offers are US $1200/ ton.

Fibre2fashion News Desk - China

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