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Chinese domestic & spot import PTA market subdued

21
Jun '12

The Chinese domestic as well as spot import PTA market was subdued on June 20.

In the domestic PTA market, offers hovered around 7,400 Yuan / ton, bids were for about 7,300 Yuan / ton and actual discussion was for around 7,350 Yuan / ton.

In East China PTA market, cargo holders offered at around 7,350 Yuan / ton, downstream bids were around 7,250 Yuan / ton and negotiation was in the range of 7,250-7,300 Yuan / ton.

In the spot import PTA market, offers for Taiwanese PTA were in the range of US $945-950/ton, bids were for $935-940 / ton and actual discussion was around $940 / ton.

Market offers for Korean goods were about $935 / ton, downstream manufacturers bid around $920/ ton and negotiation was at around $930 / ton.

Fibre2fashion News Desk - China


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