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Chinese PTA market adopts wait-and-watch approach

25
Feb '12
Amid adjustment, Purified Terephthalic Acid (PTA) market in China has adopted a wait-and-watch approach with offers for domestically produced PTA being quoted around 8950 Yuan/ton and the negotiated price for imported PTA being around US$ 1190/ton.

In paraxylene (PX) market, recent trend is stable in terms of trade volume, while there is a little change in the price owing to rise in the price of crude oil. In Asia market, the price of PX is about US$ 1640.

Monoethylene glycol (MEG) is also in adjustment mode and domestic goods are offered around 8200 Yuan/ton, while the negotiated price for imported goods is around US$ 1080/ton

Fibre2fashion News Desk - China


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