Spot market conditions for PTA imports softened in North China on Friday. There was hardly any buying interest in the market as cargo holders made offers at prices around 9500-9550 Yuan/ton. In response, buyers bid for prices around 9400-9450 Yuan/ton, and finally negotiated for around 9420-9450 Yuan/ton. But on the whole, the trading atmosphere presented a deserted look with very few actual negotiations taking place.
In East China too, the spot market for PTA imports remained flat. While cargo holders quoted price of around 9500-9550 Yuan/ton, buying inquiries from downstream manufacturers were around 9,400 Yuan/ton. The trading atmosphere was light, with very few actual negotiations taking place at price of around 9450-9500 Yuan/ton.
For goods made in Taiwan too, the spot market of PTA imports was light. Cargo holders quoted a price of around US$ 1260-65/ton, and actual negotiations took place at around US$ 1250-60/ton.
For South Korean goods, offers were made at prices around US$ 1240-45/ton, downstream buyers asked for around US$ 1230/ton, and finally negotiated for around US$ 1235-40/ton.
Fibre2fashion News Desk - China
marketing@alchempro.com
