Interviews
Chinese PTA futures dip, import market in stalemate
24 Apr '12
1 min read
The most active contract 1209 at China's domestic PTA futures market opened higher on April 23.
However it went into a downward towards the end of the trading time. Prices showed a significant decline and ultimately closed at 8,562 Yuan / ton, down 142 Yuan / ton from April 22.
The PTA domestic spot market was in a stalemate. Sporadic offers were in the range of 8,750-8,800 Yuan / ton, but downstream bids were at 8,700 Yuan / ton.
The market of PTA imports too was in a stalemate. Sporadic offers for Taiwan-produced cargo were in the range of US $1170-1175 / ton, but negotiation level was at US $ 1,165 / ton.
However it went into a downward towards the end of the trading time. Prices showed a significant decline and ultimately closed at 8,562 Yuan / ton, down 142 Yuan / ton from April 22.
The PTA domestic spot market was in a stalemate. Sporadic offers were in the range of 8,750-8,800 Yuan / ton, but downstream bids were at 8,700 Yuan / ton.
The market of PTA imports too was in a stalemate. Sporadic offers for Taiwan-produced cargo were in the range of US $1170-1175 / ton, but negotiation level was at US $ 1,165 / ton.
Fibre2fashion News Desk - China
Popular News
Leave your Comments
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
