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2010-10-19
| PTA |
| |
Offers |
Traded Price |
| China domestic (yuan/mt) |
8500 |
8430-8450 |
| Taiwan origin PTA($/mt CIF China L/C 90 days) |
1055-1060 |
1050 |
| Korea origin PTA($/mt CIF China L/C 90 days) |
1040-1045 |
1035-1040 |
| MEG |
| |
Offers |
Traded Price |
| China domestic(yuan/mt) |
7850 |
7800 |
| Import market($/mt CFR China L/C 90 days) |
980 |
970-975 |
PTA
Affected by PTA futures market performance, PTA spot offers rebounds to around 8500yuan/mt with bids at 8400yuan/mt or above. But market sentiment is still a bit flat and producers show resistance to high prices. The trading prices once hit 8430-8450yuan/mt but as futures decline, discussing prices drop to 8400yuan/mt. USD market presents a bit dull in the morning and no high bids seen. Some Taiwan-origin cargos are offered at $1055-1060/mt with bids at $1045/mt. Korea-origin cargos are offered at $1040-1045/mt with bids at $1030-1035/mt.
MEG
More MEG offers emerge on RMB market and sellers become more active to sell goods, providing offers at 7850yuan/mt. Buyers are a bit cautious and discussing prices may be close to 7800yuan/mt or lower. USD offers are mainly seen at $980/mt. Producers are also more willing to sell goods while buyers tend to wait and see. A few bids are released at below $970/mt.
$1=CNY 6.66
source:CCFGroup.com
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