August 24th, 2011 Daily Review on Polyester Prices

Upstream Market：Aug.23th the price of COMEX light crude oil futures for October delivery raised 1.02 dollars to 85.44 dollars per barrel at the close; the price of Asia PX raised 21 dollars to 1656 dollars per ton FOB Korea, Europe PX raised 20 dollars to 1630 dollars per ton FOB Rotterdam.

 

PTA: the PTA domestic market goes up slightly. The suppliers’ offer is at 10000-10100 RMB/T. The abroad market is firm. The Taiwan cargo offers 1290 dollars/ton, and Korea cargo offers 1270 dollars/ton.

 

MEG: today the MEG market goes up steadily. The domestic offer is 9650 RMB/T, the overseas offer is at 1250 USD/T.

 

Downstream Market: Polyester spun yarn: The polyester spun yarn in east China market keeps stable. The mainstream factories quote 1.4D*38mm direct spinning at 13200－13300 RMB/T. Meanwhile, the south China market keeps stable too. The offer is around 13300-13400 RMB/T.

 

PET Bottle Chip: the domestic market of PET Bottle Chip keeps stable, mainstream price from the main manufactories is around 13000-13100 RMB/T. The overseas market is firm; the offer is around 1700 USD/T (FOB China main ports). The trading atmosphere is flat, and the practical negotiation is rare.

 

Rayon Stable Fibers: Rayon Stable Fibers market is stable. The official price of 1.5D is at 18600-19000 RMB/T, little change in volume compared with last week.