Nov 8th Daily Review on Polyester Prices
Upstream market: Ended by the close on November 7, in NYMEX futures price of light crude oil delivered by December increased 1.26 dollars to 95.52 dollars, up 1.34%.
MEG: Today, MEG is quoted 8600-8650 Yuan/ton in Jiangsu Market. The buying offering is around 8500-8600 Yuan/ton. Discussions stayed at 8600 Yuan/ton temporarily.
PTA: PTA price went weak today in East China. Suppliers quoted 8300 Yuan/ton. The downstream bidding price is around 8200 Yuan/ton. And the practical discussions are around 8200-8250 Yuan/ton.
PSF: The polyester staple fiber keeps dropping in East China. At present, leading quotations of 1.4D*38mm decreased to 11300-11400 Yuan/ton.
PFY: The polyester yarn price is stable in Jiangsu market. A local direct spinning manufacturer in Shengze stabilized the quotations and quoted FDY 50D/24F for 15000 Yuan/ton.The polyester yarn price kept falling in Zhejiang market. One of the leading manufacturers in Xiao Shan decreased FDY products by 300-400 Yuan/ton and DTY products by 300 Yuan/ton.
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