July 5th, 2011 Daily Review on Polyester Prices

Ended by Beijing Time, July 5, 11am, August’s futures price of WTI crude oil decreased 0.22 dollars to 94.72 dollars per barrel and September’s futures price decreased 0.13 dollars to 95.38 dollars per barrel.

PTA price in the abroad market increased today. Suppliers quoted Taiwan cargo for 1170-1175 dollars/ton and the practical negotiated price is around 1160-1170 dollars/ton. Korean cargo’s offering is around 1160 dollars/ton and the practical negotiated price is around 1150-1155 dollars/ton.

MEG: As for the MEG market, some of the offering in the abroad market stays at 1240 dollars/ton.

The polyester bottle chips stays steady in domestic market. The leading offering of the domestic manufacturers is around 12,100-12,200 Yuan/ton and the practical negotiated price is around 11,900-12,000 Yuan/ton. The trading atmosphere is weak and real negotiation is rare.