Feb 3rd Daily Review on Polyester Prices
Today, the polyester yarn price showed firm tendency in Shengze, China. Now a direct spinning manufacturer quoted FDY 50D/24F for 15500 Yuan/ton with 6-month acceptance. DTY 150D/144F is quoted 15100 Yuan/ton with 6-months acceptance. Another melt spinning manufacturer quoted bright FDY 50D/36F for 16800 Yuan/ton and semi-dull FDY 50D/24F for 15600 Yuan/ton.
Today, the polyester bottle chips price keeps steady in domestic market. Leading domestic manufacturers quoted the goods for about 12000 Yuan/ton by cash and the downstream bidding price is around 11850 Yuan/ton. The practical discussions are around 11900 Yuan/ton by cash.
Today, the spot goods are quoted 8450-8500 Yuan/ton in Jiangsu MEG Market. The buying offering stays at 8350-8400 Yuan/ton. The discussions of orders in small quantities are around 8450 Yuan/ton.
Today, PTA price keeps dropping in domestic market. The suppliers quoted the goods for 9100 Yuan/ton and the downstream bidding prices are around 9000 Yuan/ton. The practical discussions are around 9050 Yuan/ton. The trading atmosphere is dull and real discussions are rare.
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