August 22nd, 2011 Daily Review on Polyester Prices

Upstream: On last Friday, the futures price of light crude oil in NYMEX dropped 12 cents, and closed at 82.26 USD/Ton, which dropped 0.2%.

The PX price in Asia dropped 10 USD to 1,620 USD/Ton FOB Korea and the PX price in Europe dropped 9 USD to 1,595 USD/Ton FOB Rotterdam.

 

PTA: Today the PTA price is steady in overseas market, the suppliers quoted Taiwan cargo for about 1,275-1,280 USD/Ton, The quotation of Korea goods is 1,250 USD/Ton.

The PTA price is firm in domestic market, the suppliers quoted for about 9,900-9,950 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 market, the domestic main bottle chips factories quoted for about 12,800-13,000 Yuan/Ton. The price in the overseas market is firm, and the quotation is about 1,690-1,700 USD/Ton FOB CMP. The market atmosphere is light and the practical negotiation is rare.

 

PSF: Today the PSF price increased slightly in eastern China and the price of direct spinning PSF 1.4D*38mm is mainly 13,200-13,300 Yuan/Ton.

 

PFY: Today the price of polyester yarns increased slightly in eastern China; now a local main factory quoted FDY50D/24F for about 17,500 Yuan/Ton. Another main factory quoted FDY50D/48F for 16,900 Yuan/Ton and bright FDY40D/24F for 16,700 Yuan/Ton.