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PTA imports market slightly weak
10
Mar '11
Because of traders' cautious approach in buying, PTA market in China weakened on March 9. In North China, mainstream market price fell to 11,650 Yuan / ton and even downstream inquiries showed downward decline to11,500 Yuan / ton.

In East China, offers from holders fell to 11,550 Yuan / ton while downstream inquires were around 11,450 Yuan / ton and actual negotiated prices were around 11,500 Yuan / ton. As per market reports, some downstream manufacturers purchased at around 11,500 Yuan / ton.

Spot market of PTA imports too was slightly weak on March 9. Offers for Taiwan's shipment fell slightly to US $1510-1515 / ton while downstream counteroffers were at US $1505/ ton, while actual negotiated prices were around US $1505-1510/ ton.

Offers for South Korean goods too witnessed decline and price was US $1495-1500 / ton while downstream counteroffers were around US $1480-1485 / ton and actual negotiated prices were around US $1,490 / ton.

On March 9, trading atmosphere was very dull because of wait and watch policy from traders. Most of the traders are waiting for situation to improve.

Fibre2fashion News Desk - China

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