May 29th Daily Review on Polyester Market

 

 

PTA: Today PTA price tends to be stable in China. Now the leading quotation stays at 7,800 Yuan/ton, the bidding price of downstream manufacturer is about 7,700 Yuan/ton and the discussions are around 7,750 Yuan/ton.

PFY: The polyester yarn price falls 50 Yuan/ton in a leading manufacturer of Xiao Shan, China. Now POY85D/36F is quoted at 11,300 Yuan/ton and POY140D/72F is quoted at 10,900 Yuan/ton. The factory said that the production and marketing was in 70% yesterday.

PSF: Today the price of polyester staple fiber is dominated by 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 increases slightly in domestic market. Now the leading quotation is about 7,400 Yuan/ton, the bidding price of downstream manufacturer falls to 7,360 Yuan/ton. The discussions are around 7,400 Yuan/ton.