June 12th, 2012- PTA Price Is Weak and Adjusting in Domestic Market

PTA price is adjusting in the domestic market and the quotations are unstable. The leading quotations are around 7,150 to 7,200 Yuan/ton. However, some suppliers also quoted the goods around 7,100 Yuan/ton or even at 7,050 Yuan/ton. The discussions stay at 7,100 Yuan/ton temporarily and the bidding price is reported around 7,000 Yuan/ton. There is still few deals closed in the market.