Nov 2nd, 2011 Daily Review on Polyester Prices

PTA: Today the PTA price dropped in overseas market, the suppliers quoted Taiwan cargo for about 1,120 USD/Ton, The quotation of Korea goods is 1,095 USD/Ton.

The PTA price also dropped in domestic market, and the suppliers quoted for about 8,600 Yuan/Ton.

MEG: The MEG price dropped continuously, the domestic suppliers quoted for about 8,700 Yuan/Ton and the quotation in overseas market is about 1,125-1,130 USD/Ton.

PET Bottle Chips: The price of polyester bottle chips is steady in domestic market; the quotation of domestic main bottle chips factories is around 12,100-12,300 Yuan/Ton.

The price in overseas market dropped, and the quotation is about 1,560-1,570 USD/Ton FOB CMP. The market atmosphere is light and the practical negotiation is rare.

PSF: The PSF price dropped continuously in eastern China and the price of direct spinning PSF 1.4D*38mm is mainly 12,100-12,200 Yuan/Ton.

PFY: The price of polyester yarns dropped dramatically in eastern China; now a local main factory quoted FDY40D/48F for about 20,000 Yuan/Ton. Another main factory quoted DTY75D/72F for 19,200 Yuan/Ton.