May 22nd Daily Review on Polyester Market

PTA: Today PTA price increases slightly in China. Now the quotation rises 50 Yuan/ton to 7,850 Yuan/ton, the bidding price of downstream manufacturer is about 7,750 Yuan/ton and the discussions are around 7,750-7,800 Yuan/ton.

PFY: The polyester yarn price is unchangeable in a leading manufacturer of Xiao Shan, China. Now POY140D/72F is quoted at 10,850 Yuan/ton and POY140D/36F is quoted at 10,850 Yuan/ton. The factory said that the production and marketing was in 80%-90% yesterday.

PSF: Today the price of polyester staple fiber is rising while maintaining the stability in East China, among which the leading quotation of 1.4D direct spinning PSF focuses on 10,250-10,350 Yuan/ton.

MEG: Today MEG price tends to be stable in domestic market. Now the leading quotation is about 7,450 Yuan/ton, the bidding price of downstream manufacturer is around 7,400-7,430 Yuan/ton. The discussions are around 7,550-7,580 Yuan/ton.