May 21st Daily Review on Polyester Prices (China)

PTA:Today PTA price keeps stable in China. The quotation of the supplier is about 8,500 Yuan/ton. The downstream bidding price is about 8,400Yuan/ton and the actual negotiating price is about 8,450 Yuan/ton. The trading atmosphere is mild and there are little transactions.

Futures:Today PTA futures open slightly higher in Zhengzhou Commodity Exchange. The contract 1209 opens at 8,208 Yuan/ton, which increases 14 Yuan/ton compared with the closing price of previous trading day. In addition, the cotton futures open higher in Zhengzhou Commodity Exchange. The contract 1209 opens at 19,160 Yuan/ton, which increases 190 Yuan/ton compared with the closing price of previous trading day.

CPL:Today CPL price declines in China. It is said that the quotation of CPL is about 19,400 Yuan/ton, which declines 100 Yuan/ton in RMB spot market. Now the inquiry is general in RMB spot market and the buyers show a wait-and-see attitude.

PFY:Today PFY price is weak in China-Taicang. The prices drop 50-100 Yuan/ton in a local leading manufacturer. Now the quotation of POY150D/144F is 11,400 Yuan/ton and FDY50D/24F is 13,300 Yuan/ton. The manufacturer reflects that the wait-and-see mood is strong.