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PTA/MEG Market Morning Express (Dec 8, 2010)

2010-12-8

PTA
  Offers Traded Price
China domestic (yuan/mt) 9300-9350 9250-9300
Taiwan origin PTA($/mt CIF China L/C 90 days) 1170 1160
Korea origin PTA($/mt CIF China L/C 90 days) 1150 1145

MEG
  Offers Traded Price
China domestic(yuan/mt) 8200-8250 8180-8200
Import market($/mt CFR China L/C 90 days) 1040 1030-1035



PTA
PTA market is largely stable in the morning. The cargoes are quoted at 9300-9350yuan/mt, while the buyers become a little active, but the bids are as low as 9150-9200yuan/mt.. The deals are discussed at 9250yuan/mt, but no transactions are done this morning.

MEG
MEG market is quiet also. The offers and talking prices are at 8250-8300yuan/mt and 8220yuan/mt. In import market, the offers and bids are at $1040/mt and $1025/mt. Most traders show little interest in selling below $1030/mt. The traded prices are assessed at $1030-1035/mt.

 

 

source:CCFGroup.com

 
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