24 October 2011 12:28 [Source: ICIS news]
The most actively traded January contract closed at yuan (CNY) 8,584/tonne ($1,345/tonne, €971/tonne), up by CNY464/tonne, or 5.71%, from last Friday’s settlement price, according to ZCE data.
The rebounding futures bolstered spot-market sentiment, as most sellers withdrew offers in anticipation of higher numbers, market sources said.
Asia PTA prices rose by $40/tonne to $1,100–1,140/tonne CFR (cost & freight) CMP (
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