Feb 28th Daily Review on Polyester Prices

Today, the MEG cargo was quoted at 1085 dollars/ton in Asia. The discussions were around 1080 dollars/ton. The offers with protective tariff were around 1090 dollars/ton.

 

PTA price slightly increased in China. Suppliers quoted the goods at 9050 Yuan/ton and the downstream bidding price was around 8950 Yuan/ton. The practical discussions were around 9000 Yuan/ton.

 

The quotations of polyester staple fiber slightly decreased in South China. 1.4D*38mm direct spinning PSF dropped to 11750-11850 Yuan/ton by cash and with delivery.

 

Today, the price of polyester bottle chips slightly increased in China. Leading manufacturers quoted the goods at 11900-12000 Yuan/ton by cash. The downstream bidding price was 11700 Yuan/ton and the practical discussions were around 11750-11850 Yuan/ton by cash. The trading atmosphere is still mild and few trades are heard in the market.