Oct 20th, 2011 Daily Review on Polyester Prices

PTA: Today the PTA price dropped in overseas market, the suppliers quoted Taiwan cargo for about 1,180-1,190 USD/Ton, The quotation of Korea goods is 1,170 USD/Ton.

The PTA price dropped dramatically in domestic market, and the suppliers quoted for about 9,200-9,250 Yuan/Ton.

MEG: The MEG price dropped continuously, the domestic suppliers quoted for about 9,200-9,250 Yuan/Ton and the quotation in overseas market is about 1,190-1,200 USD/Ton.  

PET Bottle Chips: The price of polyester bottle chips dropped slightly in domestic market; the quotation of domestic main bottle chips factories is around 12,500-12,600 Yuan/Ton.

The overseas market is consolidated, and the quotation is about 1,620-1,650 USD/Ton FOB CMP. The market atmosphere is light and the practical negotiation is limited.

PSF: The PSF price still dropped in eastern China and the price of direct spinning PSF 1.4D*38mm is mainly 12,600-12,700 Yuan/Ton.

PFY: The price of polyester yarns dropped in eastern China; now a local main factory quoted DTY150D/144F for about 17,500 Yuan/Ton. Another main factory quoted FDY40D/48F for 21,200 Yuan/Ton.