Nov 16th Daily Review on Polyester Prices
Upstream Market: Ended by the close on 15th, futures price of light crude oil delivered by December increased 1.23 dollars to 99.37 dollars per barrel in New York Commodity Exchange, up 1.25%.
PTA: PTA price is mainly stable in domestic market. Suppliers quoted the goods for 8100-8200 Yuan/ton and the downstream bidding price is around 8000 Yuan/ton. The trading atmosphere is weak and the practical discussions are around 8050-8100 Yuan/ton.
PSF: The price of Polyester Staple Fiber is mainly adjusting and stiff in East China. Leading manufacturers stabilized the quotations and quoted 1.4D*38mm for 10800-10900 Yuan/ton.
PFY: The polyester yarn price is both steady in Jiangsu and Zhejiang market. A leading manufacturer in Shengze unchanged the prices and quoted FDY 50D/24F for 13900 Yuan/ton. A local manufacturer in Xiao Shan quoted FDY 75D/36F for 12700 Yuan/ton.
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