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Chinese PTA market steady & stable
May '11
PTA market conditions in North China were steady on May 30.

Mainstream offers were around 9,750 Yuan / ton, downstream inquires were focused around 9,650-9,700 Yuan / ton, actually negotiated prices were around 9,700-9,730 Yuan / ton. Trading atmosphere however, appeared flat and actual negotiation was moderate.

PTA market conditions in East China stabilized; initiative offers from cargo holders were light.

Some offers were around 9,750 Yuan / ton, downstream bids were around 9,650-9,680 Yuan / ton, actually negotiated price stood at 9,700 Yuan / ton, trading atmosphere looked plain, firm talks were light.

Spot market of PTA imports was temporarily stable on May 30.

Offers for Taiwan cargo were around US $1,220 / ton, downstream bids were around US $1,210 / ton; actually negotiated price was around US $1210-1215 / ton.

Offers for goods produced in South Korea were around US $1200-1205 / ton, downstream counteroffers were around US $1,195/ ton, and actually negotiated price was around US $1200 / ton.

Transaction atmosphere appeared dull, actual negotiation was moderate.

Fibre2fashion News Desk - China

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