August 25th, 2011 Daily Review on Polyester Prices

Upstream Market: Ended by the close, the futures price of light crude oil delivered by Oct. slightly dropped 28 cents to 85.16 dollars/bbl. The decreasing rated was 0.33%. The concussion interval is among 84.55 dollars to 86.59 dollars.

 

PTA: Today, the PTA price goes steady in overseas market. In the market, the Taiwan cargo is quoted 1285-1290 dollars/ton. The downstream bidding price is around 1280 Yuan/ton. The practical discussions are around 1280-1285 dollars/ton.

PET Chips: Influenced by the feedstocks prices, the polyester chips price slightly increased. Jiangsu-Zhejiang origin, ordinary semi-dull chips is quoted 12400-12700 Yuan/ton by cash and excellent semi-dull chips is quoted 12450-12500 Yuan/ton. Some low-end chips is discussing around 12350-12400 Yuan/ton. The trading atmosphere is dull.

 

PSF: Today, the leading quotation focus of PSF market in South China keeps firm. Among which, 1.4D*38MM direct spinning polyester staple yarn is quoted 13300-13400 Yuan/ton.