Jan 31th Daily Review on Polyester Prices

PET Bottle Chips: Today the price of polyester bottle chips increase sharply in China, the domestic leading bottle manufacturer which the major quotation is about 12,000 Yuan/ton, the downstream manufacturer is wait and see, which the sporadic bidding price is around 11,700 Yuan/ton, and the actual negotiating price is near by 11,800-11,900 Yuan/ton. Now the trading atmosphere is cold, and the actual transaction is few.

 

PTA Spot Goods: Today PTA price rises sharply in China, and inquiry is scarce, now the market sporadic quotation is around 9,200-9,250 Yuan/ton, the downstream bidding price is about 9,100 Yuan/ton, and the actual negotiating price is near by 9,100-9,150 Yuan/ton. The market trading atmosphere is cold, and the actual negotiation is scarce. Meanwhile, PTA price also rises sharply in the overseas market, and inquiry is scarce, now the sporadic quotation of Taiwan cargo is around 1,220 U.S. dollars/ton, the downstream bidding price is about 1,200 U.S. dollars/ton, and the actual negotiation is scarce; the sporadic quotation of Korean cargo is around 1,200 U.S. dollars/ton, the downstream bidding price is about 1,180 U.S. dollars/ton, and the actual negotiating price is around 1,190 U.S. dollars/ton.

 

CPL: Today RMB spot market of CPL is cold in China. The sporadic quotation is around 23,500-23,600 Yuan/ton, the downstream bidding price is about 23,200-23,300 Yuan/ton and the actual negotiating price is around 23,300-23,500 Yuan/ton.

 

VSF: Today the market quotation of viscose staple fiber continues to be increased in China, now the quotation of medium products is between 17,000 and 17,300 Yuan/ton, parts of higher quotation is 17,500 Yuan/ton. Because the nonlocal employees do not all working, and the viscose staple fiber factory which production and marketing is general.

 

PSF: Today the PSF (polyester staple fiber) price continues to the rising situation in East China, and the center of leading quotation increases slightly in the market, now 1.4D*38mm spinning polyester staple fiber that the major price focuses on 12,500-12,600 Yuan per ton.

 

MEG: Today the market quotation of MEG is near by 8,700-8,750 Yuan/ton in China-Jiangsu, the buying offer is about 8,650-8,680 Yuan/ton, and the negotiating price is around 8,700 Yuan/ton.