August 16th, 2011 Daily Review on Polyester Prices

Polyester Filament: Poly Filament fiber quotations are mostly in consolidation. A local major melt spinning plant FDY75D/144F cash take price is quoted at 16300CNY/t, FDY50D/24F acceptance price is quoted at 17000CNY/t, bright FDY40D/24F cash take price is quoted at 16500CNY/t, FDY75D/24F cash take price is quoted at 16600CNY/t, POY150D/144F spot exchange price is quoted at 15100CNY/t, manufacturer reflect now downstream market are mostly hold wait and see attitude, there is little wish to stock up goods.

PTA: Today, PTA quotation abroad slightly increased, Taiwan cargo is quoted at $1255-1260/t, Korean cargo is quoted at $1235/t, PTA quotation in China slightly goes up, suppliers offer the price of 9750CNY/t, downstream counter offer price is around $9650/t, while the actual strike price is around $9700/t. Market trade atmosphere is average and real deal is seldom.

MEG: MEG quotation in China market is 9550-9600CNY/t, the counter offer price is 9500CNY/t, and actual strike price is around 9500-9550CNY/t.

Poly Staple Fiber: Poly staple fiber quotation in eastern China market still keeps consolidating, among which, 1.4D*38mm direct spinning poly staple fiber mainstream price is concentrated around 13000-13100CNY/t.

PET Chips: For downstream purchase period is closing, PET chips price rebound slightly. Now high quality semi-bright chips quotation is quoted around 12400-12500CNY/t, bright chips quotation slightly increased. As for actual turn over, semi-bright chips knockdown cash take price is around 12300-12400CNY/t, bright chips price is notably increased, high quality bright chips knockdown cash take price is around 12300CNY/t, while the six-month acceptance cation chip knockdown price is around 13000-13300CNY/t.

PET Bottle Chips: PET bottle chips quotation abroad stabilized, quotation by China suppliers is around $1690-1700/t (FOB China Main Port), quotations abroad are mostly consolidating, major plants cash take price quotation is 12700-12800CNY/t, downstream plants buy in according to needs, market trade atmosphere is average and real deal is seldom.

Viscose Staple Fiber: Viscose staple fiber 1.5D is quoted at 18600-19000CNY/t, while the knockdown center of gravity is around 18500CNY. Some plants follow up to increase, and for these, which are mostly tight supplied high-end plants.