June 29th, 2011 Daily Review on Polyester Prices
June.28 at the close, the price of COMEX light crude oil futures for August delivery raised 2.28 dollars to 92.89 dollars per barrel. The price of London market Brent Oil futures for August delivery raised 2.79 dollars to 108.78 dollars per barrel .While June.28 the price of Asia PX sank 18 dollars to 1378 dollars per ton FOB Korea, Europe PX raised 5 dollars to 1430 dollars per ton FOB Rotterdam.
PTA: Today PTA domestic market is weak, the suppliers’ offer is around 9000-9050 Yuan/ton and the practical negotiated price is at 9000 Yuan/ton. The abroad market is falling. The Taiwan cargo offers around 1160 dollars/ton, the practical negotiated price is about 1155 dollars/ton. Korea cargo quotes at 1145-1150 dollars/ton, and the practical negotiated price is about 1140-1145 dollars/ton.
MEG: Today the MEG market is weak and consolidated. The domestic practical negotiated price is around 9350-9400 RMB/T, the practical negotiated offer of shipping cargo in overseas market is at 1240 USD/T, while the price of bonded cargo is lower a bit.
Downstream Market: today the domestic market of PET Bottle Chip keeps falling, mainstream price from the main manufactories is around 12300 RMB/T (cash, factory price). The market trading atmosphere is dim, and the practical discussion is limited. In China Jiangsu and Zhejiang market, the offer of semi-dull polyester chips from mainstream factories is mainly stable, the spot cash price is around 11850-12050 RMB/T. The mainstream factory price of polyester spun yarn 1.4D*38mm in East China market keeps falling and sank to 12750-12850 RMB/T.
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