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PTA spot imports fall sharply

02
Sep '09
PTA spot imports have fallen sharply in recent times and market offers too have declined to about US $890-895 per ton, but received counter offers from downstream sector at $880-885 per ton.

Sellers are adopting a stronger wait-and-watch attitude, due to which market trade is light. In East China market, domestic PTA prices continued to decline and market offers were quoting at 7,550-7,600 Yuan per ton.

Buyers were however, negotiating at 7,500-7,550 Yuan per ton, bur no serious counter offers were put up as intent to purchase was low.

Fibre2fashion News Desk - China


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