May 2nd Daily Review on Polyester Prices

Futures:Today PTA futures open slightly higher in Zhengzhou Commodity Exchange. The contract 1209 opens at 8,594 Yuan/ton, which increases 28 Yuan/ton compared with the closing price of previous trading day.Meanwhile,the cotton futures open lower in Zhengzhou Commodity Exchange. The contract 1209 opens at 21,010 Yuan/ton, which drops 20 Yuan/ton compared with the closing price of previous trading day.

VFY:Today VFY price is unchangeable in China. Now the quotation of 120D is about 45,000Yuan/ton. The production and marketing of the manufacturer is general.

PTA:Today PTA price keeps stable in China. The quotation of the supplier is around 8,700-8,750 Yuan/ton. The downstream bidding price is about 8,650 Yuan/ton and the actual negotiating price is about 8,650 Yuan/ton. The trading atmosphere is mild and there are little transactions.

PFY:Today PFY price is unchangeable in China-Xiaoshan. Now the quotation of FDY66D/24F is 12,800 Yuan/ton in a leading manufacturer, 100D/72F is 12,300 Yuan/ton, DTY 75D/144F is 15,100 Yuan/ton and 100D/36F is 14,100 Yuan/ton. Another POY manufacturer quotes POY100D/36F at 11,400 Yuan/ton, but there’re some concessions with delivery. The production and marketing of the local manufacturer was flat while it was only 50% in some other manufacturers during the holiday.