July 28th, 2011 Daily Review on Polyester Prices

Price of Light crude oil which delivered this September is 97.40 dollar/bbl, drop 2.19 dollars, the range of price drop is 2.2% PTA: The PTA price continues to increase in the overseas market today. The suppliers quoted Taiwan cargo for 1220-1230 dollars/ton and the downstream bidding price is around 1215 dollars/ton. The practical discussions are around 1200-1225 dollars/ton. The offering of Korean cargo is around 1210-1215 dollars/ton. The downstream bidding price is around 1195 dollars/ton and the practical discussion is around 1200-1210 dollars/ton. Price of polyester bottle chips keeps stable in overseas market today. The leading domestic manufacturers adjusted the price around 1640 dollars/ton (FOB China Ports). The downstream bidding price is around 1600 dollars/ton. The practical discussions are around 1610-1620 dollars/ton (FOB China Ports). The trading atmosphere is dull and the real discussions are rare. The Polyester Staple Fiber price goes up today, among which 1.4D*38mm PSF’s leading quotations focus on 12800-12900 Yuan/ton. Polyester price goes up in Zhejiang and Jiangsu market. In Shengze market,FDY75D/144F price is 169000 yuan/ton, half light FDY55D/24F price is 17400yuan/ton. In Xiaoshan market, FDY66D/24F price is 15900yuan/Ton, FDY75/72F is 15700 yuan/ton. VSF:The polyester yarn market price is generally close to the cost price, little pressure left on the entire inventory and fund. Manufactures have the strong intention to stabilize the price