PTA/MEG Market Express (Sep 3, 2010)

PTA
	Offers	Traded Price
China domestic (yuan/mt)	7400	7370-7380
Taiwan origin PTA($/mt CIF China L/C 90 days)	905-910	900-905
Korea origin PTA($/mt CIF China L/C 90 days)	890	883-885

MEG
	Offers	Traded Price
China domestic(yuan/mt)	6500-6550	6470-6500
Import market($/mt CFR China L/C 90 days)	$815-820	$807-812

On PTA market this morning, sellers seem unwilling to sell at below 7400yuan/mt. A few buyers make enquiries with bids at about 7350yuan/mt. On USD market, Taiwan-origin cargos are offered at $905-910/mt and traded at $900-905/mt. Some spot goods are heard done at above $905/mt to traders. A few Korea-origin spot cargos are offered at $890/mt or higher, discussed at around $885/mt.

More MEG offers are release on RMB market, mainly at about 6550yuan/mt. A few are heard offered at 6500yuan/mt. Big deals report talked at 6470-6500yuan/mt. On USD market, some offers are released at $805/mt and talked prices stable at $810/mt.

($1=CNY6.80)