June 30, 2010 PTA Spot Market Daily

PTA spot

The main price of cash in the main market is 7050 yuan / ton.

Tuesday A stock market

The market slump, overnight stock and commodity futures weakened, and the PTA spot popularity was even weaker after the morning opening.

A small number of plates in the internal plate fell to 7100 yuan / ton, and the possible negotiations were carried out in 7000-7050 yuan / ton, and the average price of 7050 yuan / ton was much more apparent.

There was a small number of spot quotes on the outside market, but the sellers were cautious in bidding, but the general buyers also evidently waited for the delivery. A small amount of exploratory testing was also worth $845-850 / ton. Some Korean goods heard that they were quoted near the $835-840 / ton, and a small amount of counter-offer was only 820-825 dollars / ton, and the deal was deadlocked.

In the afternoon, the PTA futures market did not continue to explore, and the stock market was slightly higher at the end of the session. In addition, some buyers in the external market, especially those in the external market, were driven by low enquiries.

Some buyers of the spot products have a counter-offer near the $850 / ton, while the general seller's intention is still around $860 / ton. In the afternoon, a single cargo spot in Zhejiang traded at the price of $855 / tonne, and it was accepted for polyester factories.

Another Jiangsu has arrived in paging in Europe for $855 / ton, which has been reached for traders.

The bulk of Zhangjiagang's bulk cargo is trading at a price of 860 US dollars / ton.

On the spot side of Korea's production, some buyers handed in about 830 US dollars / ton, and the paction was conducted near the US $830-835 / ton.

In the short term, although the low price enquiries in the afternoon have increased slightly, the market divergence still exists, and the short-term trend is still constrained by the overall trend of stock market and commodity futures.

Sinopec

In July, PX, PTA and MEG were quoted for 7400 yuan, 7400 yuan, 6200 yuan / ton.