August 23rd, 2011 Daily Review on Polyester Prices

Polyester Filament: Poly Filament fiber quotations slightly increased. DTY products is generally increased by a hundred CNY. Now DTY150D/48F 6 months acceptance price is quoted at 16500CNY/t, FDY 50D/24F 6 month acceptance price is quoted at 17500CNY/t. A China major melt spinning plant marked its bright FDY price up by 100-200CNY/t. Now bright FDY50D/36F cash take price is quoted at 17100CNY/t, semi-bright 50D/48F cash take price is quoted at 17300CNY/t. Bright FDY40D/24F cash take price is quoted at 16700CNY/t. Manufacturers reflect the morning inquiry is on average and the turns out is kept at a normal level.

 

PTA: Today, PTA quotation abroad increased sharply, Taiwan cargo is quoted at $1290-1295/t, Korean cargo is quoted at $1270/t, PTA quotation in China slightly increased, suppliers offer the price of 10000CNY/t. Market trade atmosphere is average and real deal is seldom.

 

MEG: MEG quotation in China market slightly increased, the mainstream quotation is 9500-9600CNY/t, the counter offer price is 9450CNY/t, while quotation abroad is $1245-1250/t.

Poly Staple Fiber: Poly staple fiber quotation in eastern China market still keeps stable, among which, 1.4D*38mm direct spinning poly staple fiber mainstream price is concentrated around 13200-13300CNY/t.

 

PET Chips: PET Chips quotation by China suppliers is generally increased by 100CNY/t, now its acceptance price is quotedat 12700CNY/t. Although the sales fall back to some extent, inventory is low that is less than a week’s amount.

 

PET Bottle Chips: PET bottle chips quotation abroad keeps firm, quotation by China suppliers is around $1700/t (FOB China Main Port), quotations in China market are mostly increased, major plants cash take price quotation is 13000-13200CNY/t, counter offer price is around 12700CNY/t, while actual strike price is 12800-12900CNY/t. The market generally holds a wait and see attitude, and real deal is seldom.

 

Viscose Staple Fiber: Viscose staple fiber quotation generally keeps unchanged. A major plant’s quotation increased slightly by 100CNY to 18900CNY/t. 1.5D is quoted at 18700-19000CNY/t, while the knockdown center of gravity is around 18600-18700CNY. Traders run quantity actively, the quotation is at 18400-18500CNY/t.