Daily Review on Polyester Prices（1st Nov)
MEG: Today, China Jiangsu MEG price is offered at 8750-8800CNY/t, with counter offer at 8650-8700CNY/t, and the actual negotiate price is estimated around 8700-8750CNY/t.
PTA: Today PTA quotation abroad keeps stable, with Taiwan cargo offered at $1135/t, Korean cargo offered at $1110-1120/t. Quotation in China market dropped by 250CNY/t, with suppliers offered at 8750CNY/t.
PSF: Today, eastern China PSF price mainly downward, now, 1.4D*38mm direct spinning polyester staple fiber price has been down regulated to 12100-12200CNY/t, for cash take and ex-factory.
PET Chips: Today, PET chips price is stable, with semi-bright chips cash take offered at 11500CNY/t, and bright chips cash take also offered at 11500CNY/t.
PFY: Today, polyester yarn price continue downward. A major melt spinning plant in Shengze has down regulated the prices by 200CNY/t. Now its FDY50D/48F cash take is offered at 16000CNY/t and DTY75D/72F light interlacing yarn cash take is offered at 17900CNY/t. Another major direct spinning plant kept its quotation unchanged, with its FDY50D/24F six-month acceptance offered at 15600CNY/t, DTY150D/144F light interlacing yarn six-month acceptance offered at 16000CNY/t. Poly yarn prices in Taicang market are mostly down regulated by 100CNY. Now its FDY50D/24F cash take is offered at 15000CNY/t, and 13450CNY/t for POY150D/144F.
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