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PTA/MEG Market Morning Express (Dec 29, 2010)

2010-12-29
PTA
  Offers Traded Price
China domestic (yuan/mt) 9800-9850 9750-9800
Taiwan origin PTA($/mt CIF China L/C 90 days) 1240 1230
Korea origin PTA($/mt CIF China L/C 90 days) 1220 1215

MEG
  Offers Traded Price
China domestic(yuan/mt) 8650 8580-8630
Import market($/mt CFR China L/C 90 days) 1100-1105 1095-1100



PTA
PTA offers slightly reduce to 9850-9900yuan/mt in China domestic market and the traded prices keep at 9800-9830yuan/mt. one deal of goods is done at 9830yuan/mt, while the other is concluded a little higher at 9850yuan/mt. It is also heard offers for China-made PTA at 9800yuan/mt in Zhejiang.

MEG
Domestic MEG market presents quiet with offers at around 8650yuan/mt and a few at 8600yuan/mt. Buyers mainly wait and see, and the talking prices may be at 8600yuan/mt or lower. In import market, offers are rare with a few at $1105-1110yuan/mt. Buyers hold wait-and-see stances and there are limited deep sea ship cargos. The market atmosphere is weak and the discussing prices may be at $1095-1100yuan/mt.

$1=CNY6.62

 

source:CCFGroup.com

 
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