Dec 20th Daily Review on Polyester Prices

PTA: Today, PTA price slightly decreased in domestic market. Suppliers quoted the goods for 8400 Yuan/ton. The downstream bidding price is around 8300 Yuan/ton and the practical discussions are around 8350 Yuan/ton.

 

MEG: Today, quotations of orders in small quantities are around 8320-8350 Yuan/ton in Jiangsu MEG Market. The buying offers are around 8280-8300 Yuan/ton.

 

PSF: The polyester staple fiber market is stalemated. Some of the manufacturer decreased the quotations. At present, in East China, 1.4D*38mm direct spinning PSF is mainly quoted 11200-11300 Yuan/ton.

 

PET Bottle Chips: Today, polyester bottle chips price stayed weak in domestic market. Leading domestic manufacturers quoted the goods for 11300-11400 Yuan/ton by cash and without delivery. The downstream bidding price is around 11100 Yuan/ton and the practical discussions are around 11100-11300 Yuan/ton. The trading atmosphere was weak and real discussions are rare.