August 2st, 2011 Daily Review on Polyester Prices

Polyester Filament: The mainstream poly filament fiber quotation is stabilized, a local major melt spinning plant FDY75D/144F acceptance price is quoted at 16900CNY/t, semi-bright FDY55D/24F acceptance price is quoted at 17400CNY/t. Another major direct spinning plant FDY50D/24F acceptance price is quoted at 17600CNY/t, DTY75D/144F acceptance price is quoted at 19900CNY/t, FDY40D/24F cash take price is quoted at 16600CNY/t.

 

PTA: Today, PTA quotation abroad continue to go up, Taiwan cargo is quoted at $1270/t, Korean cargo is quoted at $1250/t, PTA quotation in China went high, suppliers offer the price of 9650CNY/t, market trade atmosphere is average and real deal is rare.

 

MEG: MEG price increased high, buyers’ counter offer price is $1270-1280/t, but suppliers keep $1300/t and the strike price is $1300/t. Ship loaded cargo quotation is $1310/t. Quotation in China market is 9850-9900CNY/t, but suppliers increased the price to 10000CNY/t.

 

Poly Staple Fiber: Poly staple fiber in eastern China market increased, among which, 1.4D*38mm direct spinning poly staple fiber price mainstream increased to 13000-13150CNY/t.

 

PET Chips: PET chips quotation stabilized, semi-bright chips cash take or three-month acceptance price is quoted at 12700CNY/t, bright chips price is quoted at 12500CNY/t, plants’ stock amount is low, and the turn out is in good status.

PET Bottle Chips: PET bottle chips quotation abroad continue to increase, recently the supply is in short, PET bottle chips manufacturer quotation increased to $1680-1700/t (FOB China Port), quotation in China stabilized, major plants cash take price quotation is 12750-12800CNY/t.

 

Viscose Staple Fiber: Viscose staple fiber market price continue to fluctuate, high-end plants mainly buy out for marketing, the buy out price is around 18000-18500CNY/t, while low and medium end manufacturers still prefer monthly statement method. The monthly statement price is settled at or over 18000CNY/t.