Polyester Quotation Everyday 19th May

        Upstream material: On 19^th, in New York Commodity Exchange, the light crude oil futures price of the June delivery increased greatly by 3.19 dollars, closed at 100.10 dollar per barrel, the increase amount was 3.29%. In London market, the North Sea Brent oil futures price of the July delivery increased 2.31 dollars, closed at 112.30 dollars, increased by 2.10%.

       Today PTA quotation stabilized, quotation out abroad was at $1220-1230, Korean cargo was at $1210-1215. The trade atmosphere is cold. Eastern China spot goods quotation increased to 9750CNY and some buyers offered 9550-9600CNY.

Today, MEG imported spot goods quotation continue to rise up, ship loaded cargo was quoted at $1130-1135, buyers do not follow up actively. Domestic quotation for eastern China market was at 8750-8875CNY. Supplier is not willing to sell the goods at low price.

       Today, semi-bright chips in Jiangsu and Zhejiang market increased slightly. The mainstream quotation increased slight to 12100-12150CNY/t (acceptance in three months), cash take price increased to 11800CNY/t. The market trade atmosphere is active.

       Today, poly staple fiber quotation in Jiangsu and Zhejiang increased slightly. Now 1.4D poly staple fiber was quoted at 12700-12800CNY/t. But the market turn over is not high. It is still hard to tell whether it will boost the price up or not. While poly fiber price in Jiangsu and Zhejiang market also mainly run the quantity. Only several plants marked up the price, and the overall turn over is good.