August 15th, 2011 Daily Review on Polyester Prices

Upstream: On last Friday, the futures price of light crude oil in NYMEX dropped 34 cents, and closed at 85.38 USD/Ton, which dropped 0.4%. The PX price in Asia dropped 3 USD to 1,535 USD/Ton FOB Korea and the PX price in Europe dropped 10 USD to 1,520 USD/Ton FOB Rotterdam.

PTA: Today the PTA price dropped slightly in overseas market, the suppliers quoted Taiwan cargo for about 1,250 USD/Ton, The price of Korea goods is 1,230-1,235 USD/Ton.

The PTA price is steady in domestic market, the suppliers quoted for about 9,700-9,750 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 steady in domestic and overseas market, the domestic main bottle chips factories quoted for about 12,800 Yuan/Ton, and the price in the overseas market is about 1,690-1,700 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 12,300-12,600 Yuan/Ton.
PSF: Today the PSF price is firm in eastern China and the price of direct spinning PSF 1.4D*38mm is mainly 13,000-13,100 Yuan/Ton.

PFY: Today the price of polyester yarns dropped slightly in eastern China; now a local main factory quoted FDY50D/24F for about 17,000 Yuan/Ton. Another main factory quoted FDY75D/144F for 16,300 Yuan/Ton and bright FDY40D/24F for 16,500 Yuan/Ton.