PTA/MEG Market Morning Express (Nov 24, 2010)

PTA
	Offers	Traded Price
China domestic (yuan/mt)	9550-9600	9500
Taiwan origin PTA($/mt CIF China L/C 90 days)	-	1160-1170
Korea origin PTA($/mt CIF China L/C 90 days)	-	1150-1155

MEG
	Offers	Traded Price
China domestic(yuan/mt)	8100-8150	8050-8100
Import market($/mt CFR China L/C 90 days)	1040	1010-1020

PTA
PTA market is modest this morning. A few spot cargoes are offered at 9550-9600yuan/mt and bid at 9450yuan or lower. The discussing levels are around 9450-9500yuan/mt. The traders are still reluctant to sell at low levels.

MEG
MEG market keeps weak this morning. A few offers are at 8100-8150yuan/mt, but the bids are rare. The possible talking levels may be around 8050-8100yuan/mt. The import market trends stable. Most traders insist at $1030-1040/mt and the buyers bid at $1000-1010/mt. One deal is done at $1020/mt in the morning.

source:CCFGroup