PTA price increased slightly in North China market on February 23, being affected by crude oil price. Market offers rose to around 11,700 Yuan / ton.
Counteroffers were around 11600-11650 Yuan / ton; actually discussed price was about 11650 Yuan / ton, talking atmosphere was fair, actual trade was small.
PTA market in East China increased slightly. Market offers slightly rose to 11,650 Yuan / ton, downstream inquiries were around 11,600 Yuan / to.
Actually negotiated price was around 11,600 Yuan / ton. Trading atmosphere was acceptable, actual discussion was moderate.
Spot market of PTA imports rose slightly, buying interest picked up; initiative offers from holders were scarce.
Offers for goods produced in Taiwan were around US $1480-1485 / ton, downstream counteroffers were US $1470/ ton, actual negotiation level was around US $1,475 / ton.
Market offers for Korean goods were around US $1470 / ton, downstream counteroffers were around US $1,460 / ton; actually negotiated price was around US $1,465 / ton.
Fibre2fashion News Desk - China
marketing@alchempro.com
