August 8th, 2011 Daily Review on Polyester Prices

Upstream: On last Friday, the futures price of light crude oil in NYMEX increased 25 cents, and closed at 86.88 USD/Ton, which increased 0.3% and changed the drop trend in five trade days. The PX price in Asia dropped 60 USD to 1,528 USD/Ton FOB Korea and the PX price in Europe is firmly 1,545 USD/Ton FOB Rotterdam. 

 

PTA: Today the PTA price is weak in overseas market, the suppliers quoted Taiwan cargo for about 1,260-1,265 USD/Ton, The price of Korea goods is 1,240-1,245 USD/Ton. The PTA price dropped slightly in domestic market, the suppliers quoted for about 9,500-9,550 Yuan/Ton, The market atmosphere is light and the practical negotiation is rare.

 

 

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 12,900-13,000 Yuan/Ton, and the price in the overseas market is about 1,700-1,720 USD/Ton FOB CMP. The market atmosphere is light and the practical negotiation is limited.

 

PET Chips: Today the price of semi-dull polyester chips is steady in eastern China, now the local main factories quoted for about 12,500-12,700 Yuan/Ton.

 

PSF: Today the PSF price dropped slightly in eastern China, the quotation of direct spinning PSF 1.4D*38mm is mainly about 13,050-13,200 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 bright FDY40D/24F for 16,600 Yuan/Ton.