June 11th, 2012- PTA Price Weakly Dropped in Domestic Market

PTA price dropped in the domestic market. The suppliers’ quotations are 7,200 to 7,250 Yuan/ton. The downstream bidding price is 7,100-7,150 Yuan/ton and the practical discussions are around 7,150-7,200 Yuan/ton. The market is still mild and lack of negotiations.