Poly Fiber Quotation Everyday (10th May)

   

 

     As it fell greatly last week, stimulate the demand rebound and dollars went weak, international oil price raise greatly on 9th by 5.53%. New York oil price returned over $100 per barrel, which was closed at $102.55 per barrel. Boosted by which, Asian PX price raised $11 on 9th, and closed at $1509/t, FOB Korea.
 

    Today PTA domestic quotation continue to downward, transaction atmosphere is cold, and actual transact is few. Suppliers’ quotation dropped to 9900CNY/t. Quotation out abroad also continue to downward, market atmosphere slacks, seldom actual transaction. Taiwan ship loaded cargo was quoted at $1280/t, and Korean goods quotation was at $1265/t.
 

    Today MEG price was consolidating. Quotation in eastern China market rose slightly, but downstream situation is still not good. Buy orders are still depressed. Domestic quotation in eastern China market was at 8550CNY/t or so. Asian negotiated price was maintained at $1095/t.
 

    Today, poly market price continues to downward. Poly bottle chips in eastern China market lowered to 12400CNY/t (cash take price). Bright chips mainstream was negotiated at 12400CNY/t. Eastern China area poly staple fiber price continue to lower down, of which, 1.4D*38mm direct spinning poly staple fiber EXW price dropped to 13000CNY/t or so. While, quotation in Jiangsu and Zhejiang province stabilized, only a few plants quotation raised. Now FDY50D/24F mainstream acceptance price was quoted at about 16100CNY/t.