NewsFlashChina's PTA futures halt trade after 4.02% price spike

04 November 2010 03:47  [Source: ICIS news]

SINGAPORE (ICIS)--China's purified terephthalic acid (PTA) futures halted trading after prices surged 4.02% to yuan (CNY) 9,626/tonne Thursday morning on the Zhengzhou Commodity Exchange, market sources said.

The surge in prices was due to bullish sentiment spurred by positive US financial data overnight and amid recent outages at regional PTA plants, they said.

By: Staff Reporter
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