August 29th, 2011 Daily Review on Polyester Prices

Polyester Filament: Poly Filament fiber quotation keeps unchanged. FDY50D/48F cash take is quoted at 17300CNY/t, DTY150D/144F cash take is quoted at 17500CNY/t, DTY150D/48F six month acceptance is quoted at 16500CNY/t, FDY50D/24F six month acceptance is quoted at 17500CNY/t, FDY40D/24F cash take is 16800CNY/t, semi-bright FDY50D/48F cash take is quoted at 16700CNY/t. Most manufacturers reflect the stock amount is low, some specifications of fine denier yarn stock is non.

PTA: Today, PTA quotation abroad is stable, Taiwan cargo is quoted at $1290/t, Korean cargo is quoted at $1275/t, PTA quotation in China keeps firm, turnover is slightly enlarged, suppliers’ quotation is around 10100CNY/t.

MEG: MEG quotation in China market is 9800CNY/t, counter offer price is around 9750CNY/t, the strike price is estimated around 9770-9800CNY/t.

Poly Staple Fiber: Poly staple fiber quotation in eastern China market keeps stable, among which, 1.4D*38mm direct spinning poly staple fiber mainstream price is around 13250-13350CNY/t.

PET Bottle Chips: PET bottle chips quotations in China market keeps stable, major plants cash take quotation is 13000-13100CNY/t, counter offer price is around 12850CNY/t, while actual strike price is 12900-13000CNY/t. The market trade atmosphere is on average and real deal is seldom.