July 15th, 2011 Daily Review on Polyester Prices

July.14 the price of COMEX light crude oil futures for August delivery lowered 2.36 dollars to 95.69 dollars per barrel at the close. The price of Brent Oil futures for August delivery in London market lowered 46 cents to 118.32 dollars per barrel .While July.14 the price of Asia PX raised 22 dollars to 1427 dollars per ton FOB Korea, Europe PX raised 50 dollars to 1405 dollars per ton FOB Rotterdam.

PTA: the PTA domestic market is up today, the suppliers’offer is around 9100-9150 RMB/T and the practical negotiated price is at 9050-9100 RMB/T. The abroad market is up too. The Taiwan cargo offers around 1170-1175 dollars/ton, the practical negotiated price is about 1165 dollars/ton. Korea cargo quotes at 1150-1155 dollars/ton, and the practical negotiated price is about 1150 dollars/ton.

MEG: Today the MEG market continues to go up. The domestic practical negotiated price is around 9150-9200 RMB/T, the practical negotiated offer of shipping cargo in overseas market is at 1180-1185 USD/T, while the price of bonded cargo is lower a bit.

Downstream Market: today the domestic market of PET Bottle Chip keeps going up, mainstream price from the main manufactories is around 12200-12250 RMB/T (cash, factory price). The market trading atmosphere is dim, and the practical discussion is ordinary. The factory price of polyester spun yarn in China Jiangsu and Zhejiang market raises 50-100 RMB/T, mainstream factories quote1.4D*38mm of semi-dull polyester spun yarn at 12600-12700 RMB/T.