August 1st, 2011 Daily Review on Polyester Prices

Upstream: On last Friday, the futures price of light crude oil in NYMEX dropped 1.74 USD, and closed at 95.7 USD/Ton, which dropped 1.8%. The PX price in Asia increased 7 USD to 1,555 USD/Ton FOB Korea and the PX price in Europe increased 5 USD to 1,555 USD/Ton FOB Rotterdam.   

 

PTA: Today the PTA price is firm in overseas market, the suppliers quoted Taiwan cargo for about 1,225 USD/Ton, The price of Korea goods is 1,210 USD/Ton. Today the PTA price is steady in domestic market, the suppliers quoted for about 9,450 Yuan/Ton, The market atmosphere is light and the practical negotiation is a few.

 

PET Bottle Chips: Today the price of polyester bottle chips is firm in domestic and overseas market, the domestic main bottle chips factories quoted for about 12,750-12,900 Yuan/Ton, and the price in the overseas market is about 1,640-1,650 USD/Ton FOB CMP. The market atmosphere and the practical negotiation are normal.

 

PSF: Today the PSF price is steady in eastern China, the quotation of direct spinning PSF 1.4D*38mm is mainly about 12,900-13,050 Yuan/Ton.

 

PFY: Today the price of polyester yarns is firm in eastern China; now a local main factory quoted FDY50D/24F for about 17,600 Yuan/Ton, DTY75D/144F for about 19,900 Yuan/Ton. Another main factory quoted FDY75D/144F for 16,900 Yuan/Ton and semi-dull FDY55D/24F for 17,400 Yuan/Ton.