Sep 8th, 2011 Daily Review on Polyester Prices

Sep.7th the price of COMEX light crude oil futures raised to 89.34 dollars per barrel at the close. The price of Asia PX raised 20 dollars to 1690 dollars per ton FOB Korea, Europe PX raised 10 dollars to 1600 dollars per ton FOB Rotterdam.

PTA: the PTA domestic market continues to go up. The suppliers’ offer is up to 10450-10500 RMB/T. The abroad market goes up too. The Taiwan cargo offers 1335-1340 dollars/ton, and Korea cargo offers 1320 dollars/ton.

MEG: Influenced by Formosa Plastics, today the MEG market is prosperous. The domestic offer is up to 10200 RMB/T, the overseas offer is rare and at 1315 USD/T.

 

Downstream Market:
Polyester spun yarn: The polyester spun yarn in China Jiangsu&Zhejiang market quote 1.4D*38mm direct spinning at 13550 RMB/T. China-Shandong Wanjie adjusts the price and offers 1.4D direct spinning up 100 RMB/T to 13950 RMB/T.

PET Bottle Chip: the domestic market of PET Bottle Chip is stable, mainstream price from the main manufactories is around 13200-13500 RMB/T. The overseas market keeps stable, the offer is at 1700-1720 USD/T (FOB China main ports). The trading atmosphere is flat, and the practical negotiation is rare.

Rayon Stable Fibers: Rayon Stable Fibers offer at 19500-19800 RMB/T, some factories offer Micro fiber up to 20000 RMB/T, but the mainstream price is at 19400-16500 RMB/T.