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PTA/MEG Market Morning Express (Nov 9, 2010)

2010-11-9
PTA
  Offers Traded Price
China domestic (yuan/mt) 11200-11500 11000-11100
Taiwan origin PTA($/mt CIF China L/C 90 days) - 1330-1350
Korea origin PTA($/mt CIF China L/C 90 days) - 1300-1320

MEG
  Offers Traded Price
China domestic(yuan/mt) 9200-9300 9100-9200
Import market($/mt CFR China L/C 90 days) 1160-1180 1145-1155



PTA
PTA futures main contract trading is suspended this morning and the offers in RMB market is a little mixed. Some sellers offer at 11200-11500yuan/mt and buyers bid at 11000yuna/mt. Some deals are concluded at 11000/mt or higher.

MEG
MEG market is stable this morning, but the more offers appear at around 9200-9400yuan/mt. The buyers are cautious and the talked prices are mixed at the range of 9100-9200yuan/mt. In USD market, the offers increase to $1160-1180/mt and bid at $1140/mt. One deal of bonded goods are traded at $1150/mt.

$1=CNY6.66

 

source:CCFGroup.com

 
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