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PTA import trends rise marginally
24
Feb '11
PTA price increased slightly in North China market on February 23, being affected by crude oil price. Market offers rose to around 11,700 Yuan / ton.

Counteroffers were around 11600-11650 Yuan / ton; actually discussed price was about 11650 Yuan / ton, talking atmosphere was fair, actual trade was small.

PTA market in East China increased slightly. Market offers slightly rose to 11,650 Yuan / ton, downstream inquiries were around 11,600 Yuan / to.

Actually negotiated price was around 11,600 Yuan / ton. Trading atmosphere was acceptable, actual discussion was moderate.

Spot market of PTA imports rose slightly, buying interest picked up; initiative offers from holders were scarce.

Offers for goods produced in Taiwan were around US $1480-1485 / ton, downstream counteroffers were US $1470/ ton, actual negotiation level was around US $1,475 / ton.

Market offers for Korean goods were around US $1470 / ton, downstream counteroffers were around US $1,460 / ton; actually negotiated price was around US $1,465 / ton.

Fibre2fashion News Desk - China

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