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PTA/MEG Market Morning Express (Dec 1, 2010)

2010-12-1
PTA
  Offers Traded Price
China domestic (yuan/mt) 9050-9100 9000-9050
Taiwan origin PTA($/mt CIF China L/C 90 days) 1150 1130
Korea origin PTA($/mt CIF China L/C 90 days) 1130 1115<-1120/td>

MEG
  Offers Traded Price
China domestic(yuan/mt) 7950-8000 7880-7930
Import market($/mt CFR China L/C 90 days) 1000 990-995



PTA
PTA spot market is quiet with few offers. A few domestic cargoes are offered at 9050-9100yuna/mt and bid at 9000yuan/mt or lower. The deals are talked at 9000yuan/mt. In import market, some bonded Taiwan origin goods are offered at $1140/mt and talked at $1130/mt, while Korea goods are discussed at $1115-1120/mt.

MEG
Offers in MEG market are still sporadic this morning, although the inquiry is active. The bids are around $990/mt and the talked prices are at $990-995/mt, flat with yesterday. In China domestic market, the offers for a few small lots are at 7950yuan/mt or higher, while the bids from traders are at 7900yuan/mt. The deals are discussed at 7900yuan/mt or above. 

$1=CNY6.68

 

source:CCFGroup.com

 
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