July 13th, 2011 Daily Review on Polyester Prices

Yesterday, the futures price of light crude oil in New York Commodity Exchange increased 2.28 USD to 97.43 USD per barrel, and the increasing rate was 2.4%. The PX price in Asia increased 3 USD to 1,380 USD/Ton FOB Korean and the PX price in Europe increased 5 USD to 1,443 USD/Ton FOB Rotterdam.

PTA: The price of PTA in domestic market is about 8,900-9,000 Yuan/Ton. In overseas market, Taiwan cargo price is about 1,150-1,155 USD/Ton and the Korean goods is about 1,140-1,145 USD/Ton.

 

MEG: The price of MEG is about 9050-9100 Yuan/Ton in eastern China.

 

PET: Today, the price of polyester bottle chips is around 12,000-12100 Yuan/Ton in domestic market. The transaction atmosphere is normal and the practical negotiation is rare.

 

Today, the price of PSF in eastern China is firm. The price of direct spinning PSF 1.4D*38mm is about 12,450 to 12, 550 Yuan/Ton. The price of polyester yarns increased slightly, a main factory quoted FDY50D/24F for 16,300 Yuan/Ton and DTY75D/72F for 19,500 Yuan/Ton.