October 21, 2011- PTA Price Slumped in Overseas Market

Today, PTA price dropped dramatically in overseas market. Taiwan cargo is quoted 1145-1155 dollars/ton in the market. The downstream bidding price is around 1120 dollars/ton and the practical discussions are around 1120-1130 dollars/ton. Korean goods are quoted 1120-1130 dollars/ton and the downstream bidding price is around 1100 dollars/ton, while the practical discussions are around 1110 dollars/ton.