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Chinese PTA domestic & import spot market calm
10
Feb '11
PTA market atmosphere in North China was calm on February 9, holders gradually returned back to the market, market offers were light, sporadic offers ranged around 11,200 Yuan / ton, counteroffers from downstream sector were around 11,050 Yuan / ton, actually negotiated price was around 11,100 Yuan / ton, festive atmosphere was still thick and actual negotiation was scarce.

PTA trading atmosphere was quiet in East China market too. Sporadic offers were around 11,200 Yuan / ton, counteroffers from downstream sector were around 11,050 Yuan / ton, actually negotiated price was around 11,100 Yuan / ton, trading atmosphere was calm, actual discussion was light.

Trading atmosphere of PTA import spot market appeared calm on February 9. Offers for Taiwan's goods were around US $1440 / ton, sporadic inquiries were around US $1390-1400/ ton.

Offers for cargo from South Korea were around US $1,400 / ton, inquiries were around US $1380/ ton. However, overall trading atmosphere was quiet, actual negotiation was scarce.

Fibre2fashion News Desk - China

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