Sep 2nd, 2011 Daily Review on Polyester Prices

Polyester Filament: Poly Filament fiber quotation keeps unchanged. FDY50D/24F 6-month acceptance is quoted at 17500CNY/t, FDY50D/48F acceptance is quoted at 17900CNY/t, bright FDY40D/24F cash take is quoted at 17200CNY/t. Manufacturers reflect that stock amount is relatively low, and some kind of products are short supplied.

 

PTA: Today, PTA quotation abroad dropped, Taiwan cargo is quoted at $1300-1310/t, Korean cargo is quoted at $1295/t, PTA quotation in China slightly dropped, and suppliers withhold the goods for it is short supplied. PTA quotation is around 10250CNY/t.

MEG: MEG quotation in China continue to regulate, quotation abroad is quoted at $1285/t, while quotation in China market is 9950CNY/t.

Poly Staple Fiber: Poly staple fiber quotation in eastern China market---1.4D*38mm direct spinning poly staple fiber mainstream price is concentrated around 13500CNY/t.

PET Bottle Chips: PET bottle chips quotation abroad is around $1700/t (FOB China Main Port), quotation for China market stabilized, major plants cash take quotation is 13200-13300CNY/t. The market generally holds a wait and see attitude, and real deal is seldom.

Viscose Staple Fiber: Viscose staple fiber quotation in China is 19300-19500CNY/t, turnover at the new price is just on average, for the price increased that buyers have some worries. Generally, viscose staple fiber stock amount is not that large, thus its price will not be reduced, and the general strike price is stable, which is around 19000-19200CNY/t, there are few orders that is reached over the price of 19300CNY/t.