The Comment on Polyester Prices on May 4th

 

 

 

Upstream: because of the low silver futures and other commodities futures, and the dollar strength and other factors, May.3 international crude oil prices continue to fall. New York Mercantile Exchange, the price of Light, sweet crude oil futures for June delivery sank 2.47 dollars to 111.05 dollars per barrel down by 2.22 percent. In London, the price of Brent Oil futures for June delivery sank 2.67 dollars to 122.45 dollars per barrel down by 2.13 percent. While May.3 the price of Asia PX raises 2 dollars to 1572 dollars per ton FOB korea, Europe PX raises 30 dollars to 1640 dollars per ton FOB Rotterdam.

 

PTA spot goods: today PTA domestic market keeps stable, the market discussion price offers at 10550 RMB/T, the suppliers sell at a low price, the market trading atmosphere turns for the better, but practical discussion is few. Overseas market quotation declined by small margin, the offer of Taiwan goods falls to 1340-1350 dollars per ton, the offer of Korea goods is at 1330 dollars per ton. The market trading atmosphere is slack and the practical discussion is few.

 

Glycol: today MEG quotation is consolidated. The sellers of domestic market quote the price at 8850 RMB/T; mainstream price is at 8800 RMB/T. Overseas market quotes the price at 1140 USD/T, close price is at 1135-1140 USD/T.

 

Downstream: today polyester market keeps stable, bottle grade chips keep the factory price at 13200-13300 RMB/T. In China Jiangsu and Zhejiang market, the semi-dull polyester chips offer at 12800 RMB/T (spot cash), the spot goods price of bright chips offer at 12700 RMB/T(spot cash). The quotation of polyester spun yarn market at east China is ongoing weakening; 1.4D*38mm direct spinning polyester spun yarn market lowers the mainstream factory price to 13400-13500 RMB/T. In China Jiangsu and Zhejiang market, the polyester manufactories offer the price differently, some high price factories reduce the price, and some suppliers raise the price of short supply goods. Today ,the sales quotation in China Jiangsu and Zhejiang market is general, mainstream manufactories still can’t balance the production and sale.