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2010-12-16
| PTA |
| |
Offers |
Traded Price |
| China domestic (yuan/mt) |
9480-9500 |
9380-940 |
| Taiwan origin PTA($/mt CIF China L/C 90 days) |
1180-1190 |
1175-1180 |
| Korea origin PTA($/mt CIF China L/C 90 days) |
1165-1170 |
1160-1165 |
| MEG |
| |
Offers |
Traded Price |
| China domestic(yuan/mt) |
8300-8350 |
8300-8350 |
| Import market($/mt CFR China L/C 90 days) |
1060-1070 |
1060-1062 |
PTA
In China domestic market, the offers for PTA are largely at 9400-9450yuan/mt and some buyers bid at 9350yuan/mt. The talking levels are maintained. In import market, the trading sentiment is quiet. Taiwan origin goods are talked $1175-1180/mt, while Korea goods are at $1165/mt.
MEG
Offers are rare in domestic market. More traders enquire for low-priced cargos with some bids at around 8200yuan/mt, but suppliers have little interest to sell goods at low prices. Transactions may be discussed at 8250yuan/mt or higher and a deal of spots cargos is traded at 8200yuan/mt by polyester plant in Ningbo. Import MEG market keeps stable with weakening market atmosphere and suppliers show little interest to offer. Traders mainly enquire for deep sea ship cargos, but suppliers sell rare. The offers for cargos delivered to port are at $1055-1060/mt and bonded cargos at $1060 or lower. A deal of bonded spots cargos is offered at $1060/mt.
$1=CNY6.66
source:CCFGroup.com
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