July 6, 2010 PTA Spot Market Daily

The horizontal price of cash on board cash plate: $853-855 / ton.

CCF PTA index: 2

On Tuesday, the PTA spot market stabilized, and the paction rose slightly.

After the opening of the morning, the spot price dropped somewhat due to the low impact of PTA futures.

The price of the internal offer is about 7050 yuan / ton, and the buyer's counter offer is reduced to 6950 yuan / ton, and a small amount of spot goods has been reached at 6980 yuan / ton price.

On the outside side, the spot price of Taiwan products is $855-860 / ton, and the buyer's offer is about $850 / ton, and the turnover is within 850-853 US dollars / ton.

South Korea's spot talks also took place around 830-833 US dollars / ton.

In the afternoon, the stock index and PTA futures rebounded, making the market confidence slightly improved. The sellers were reluctant to sell the price below the 7000 yuan / ton price, and the buyers also had the delivery near the 7000 yuan / ton. The paction was carried out near the 7000-7020 yuan / ton. Of course, the excessive price of buyers was also limited, and a single commodity was traded at the price of 7000 yuan / ton for the factory.

On the outside side, with the increase of buyers' enquiries, the cash atmosphere has also improved. The price of PTA spot market is near $860 / ton, and the mainstream paction level is near $855. The two single cargo spot in Jiangsu market is at this price, and another one is at 853 dollars / ton.

South Korea's spot price quotas stayed at about 840 US dollars / ton, and the buyer handed over US $830-835 / ton. The mainstream paction also started near 835 US dollars / ton, two single spot traded near the 833 US dollar / ton price, and the other one reached a paction close to 835 US dollars / ton.

Downstream, today