August 3rd, 2011 Daily Review on Polyester Prices

Upstream Market：
Aug.2nd the price of COMEX light crude oil futures sank to 93.79 dollars per barrel at the close. The price of Brent Oil futures in London market sank to 116.46 dollars per barrel .While Aug.2nd the price of Asia PX sank 9 dollars to 1606 dollars per ton FOB Korea, Europe PX raised 5 dollars to 1565 dollars per ton FOB Rotterdam.

 

PTA: the PTA domestic market goes up slightly. The suppliers’ offer is at 9650-9700 RMB/T. The abroad market goes up slightly too. The Taiwan cargo offers 1280 dollars/ton, and Korea cargo offers 1250-1255 dollars/ton.

 

MEG: today the MEG market is weak. The domestic offer is down to 9950 RMB/T, the overseas offer is at 1290-1295 USD/T, and practical negotiation is rare.

Downstream Market:
Polyester spun yarn: The polyester spun yarn in east China market keeps going up. The mainstream factories quote 1.4D*38mm direct spinning up to 13100－13250 RMB/T. Meanwhile, the south China market continues to go up slightly. The offer is around 13200-13350 RMB/T.

 

PET Bottle Chip: the domestic market of PET Bottle Chip goes up, mainstream price from the main manufactories is around 12900-13000 RMB/T. The overseas market is firm today, the offer is around 1680-1700 USD/T (FOB China main ports). The trading atmosphere is flat, and the practical negotiation is very rare.

 

Rayon Stable Fibers: Rayon Stable Fibers market is stable. The mainstream negotiation price is at 18000-18400 RMB/T. The manufacturers’ overall sales volume is optimistic.