Sep 16th, 2011 Daily Review on Polyester Prices

Upstream Market：
Sep.15th the price of COMEX light crude oil futures raised to 89.40 dollars per barrel at the close. The price of Brent Oil futures in London market raised to 115.34 dollars per barrel .The price of Asia PX sank to 1702 dollars per ton FOB Korea, Europe PX raised to 1640 dollars per ton FOB Rotterdam.

PTA: the PTA domestic market is weak. The suppliers’ offer is about 10600-10650 RMB/T. The abroad market goes down too. The Taiwan cargo offers 1365-1370 dollars/ton, and Korea cargo offers 1350-1355 dollars/ton.

MEG: the MEG market is weak. The domestic offer is 10350 RMB/T, and the overseas offer is 1335-1340 USD/T.

 

Downstream Market:
Polyester spun yarn: The polyester spun yarn in east China market is firm. At present, 1.4D*38mm direct spinning quote 14000-14100 RMB/T. South China market is stable, 1.4D*38mm direct spinning quote 14100-14200 RMB/T.

PET Bottle Chip: the domestic market of PET Bottle Chip is stable, mainstream price from the main manufactories is around 13600-13800 RMB/T. The overseas market keeps stable too, the offer is at 1720-1740 USD/T (FOB China main ports). The trading atmosphere is flat, and the practical negotiation is limited.

Rayon Stable Fibers: the price of Rayon Stable Fibers is stable at 19800-20000 RMB/T, the lower price is at 19600-19700 RMB/T, and the higher price is at 20100 RMB/T. The overall volume is less than the previous.