Mar 13th Daily Review on Polyester Prices

Today, the quotation of MEG is 7850 to 7900 Yuan/ton in Jiangsu Market. The buyers offer 7800-7850 Yuan/ton. The discussions stay at 7850-7900 Yuan/ton. There are few shipments of orders in large quantities.

 

Today the leading quotation of polyester staple fiber turned weak in South China. In the market, 1.4D direct PSF is quoted 11550-11650 Yuan/ton by cash and with delivery.

 

Today, the PTA price weakly adjusted in North China. The quotation is around 9000 Yuan/ton in the market. The downstream bidding price is around 8900 Yuan/ton and the practical discussions are around 8950 Yuan/ton. The supply is normal but the demand is weak in the downstream market. The whole market is still mild and lack of discussions.

 

The polyester bottle chips price slightly decreased in China. Leading manufacturers quoted the goods at 11900-12000 Yuan/ton by cash. The downstream bidding price was around 11800 Yuan/ton and the practical discussions were around 11800-11900 Yuan/ton by cash. The trading atmosphere was mild and few trades were in the market.

 

Today, the leading quotations of polyester yarn manufacturer keep unchanged in Shengze. Now a direct spinning manufacturer quoted FDY 50D/24F at 14800 Yuan/ton with 6-month acceptance and DTY 150D/144F at 14300 Yuan/ton with 6-month acceptance. Another melt spinning manufacturer quoted semi-dull FDY 50D/72F at 14700 Yuan/ton. Manufacturers reported the production-marketing was around 70%.