July 11th, 2011 Daily Review on Polyester Prices
July.8 the price of Asia PX raised 24 dollars to 1387 dollars per ton FOB Korea, Europe PX stayed the price at 1443 dollars per ton FOB Rotterdam.
The PTA domestic market is stable today, the suppliers’ offer is at 9100 RMB/T and the practical negotiated price is at 9050 RMB/T. The abroad market is flat. The Taiwan cargo offers around 1150-1155 USD/T, the practical negotiated price is about 1170 USD/T. Korea cargo quotes at 1150-1155 USD/T, and the practical negotiated price is about 1150 USD/T.
MEG: Today the MEG market is consolidated. Some domestic quotation is at 9300-9350 RMB/T, the practical offer of shipping cargo in overseas market is at 1220 USD/T.
Downstream Market: today the domestic market of PET Bottle Chip is flat, mainstream price from the main manufactories is around 12000 RMB/T (cash, factory price). In China Jiangsu and Zhejiang market, the offer of semi-dull polyester chips from mainstream factories raises a bit. The discussion price is around 12000-12200 RMB/T (cash acceptance) .The mainstream factory price of polyester spun yarn 1.4D*38mm in East China market is weak and the price is around 12500-12600 RMB/T.
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