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2010-10-22
| PTA |
| |
Offers |
Traded Price |
| China domestic (yuan/mt) |
8400-8450 |
8400 |
| Taiwan origin PTA($/mt CIF China L/C 90 days) |
1050-1055 |
1045 |
| Korea origin PTA($/mt CIF China L/C 90 days) |
1040 |
1035 |
| MEG |
| |
Offers |
Traded Price |
| China domestic(yuan/mt) |
7800 |
7700-7730 |
| Import market($/mt CFR China L/C 90 days) |
970 |
960-965 |
PTA
PTA market offers are largely at 8430-8450yuan/mt with some firm offer at 8400yuan/mt. The bids are mostly at 8350yuan/mt. One deal is concluded at 8400yuan/mt in the morning. Taiwan origin goods are offered at $1050/mt or higher and talked at $1045/mt. One deal of bonded goods is done at $1040/mt. Korea origin PTA is offered at $1040/mt and discussed at $1030-1035/mt.
MEG
MEG market is stable this morning. In China domestic market, the offers are largely at 7700-7730yuan/mt. The USD offers are flat at $970/mt. Most traders are unwilling to sell at lower prices. Some traders still seek for forward cargoes. The traded prices are probably at $960-965/mt.
$1=CNY6.68
source:CCFGroup.com
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