May 20th, 2011 Daily Review on Polyester Prices

Upstream Market: On May 19th, the futures price of light crude oil delivered by June decreased 1.66 dollars to 98.44 dollars per barrel and its decreasing rate was 1.66% on the New York Mercantile Exchange (NYMEX). Meanwhile, London, Brent North Sea which the crude oil futures delivered by July fall 76 cents, closing at 111.54 U.S. dollars per barrel; and its decreasing rate was 0.68%.

 

PTA Spot Goods: Today the domestic PTA spot market keeps firm, now the actual negotiating price is near by 9,650 Yuan per ton, and the transaction atmosphere is insipid. The overseas PTA market is stable, the quotation of Taiwan cargo is about 1,220 U.S. dollars per ton, and the quotation of Korean cargo is near by 1,210-1,215 U.S. dollars per ton. The actual negotiation is general in the market.

 

MEG: Today the domestic MEG market that the intention of delivery increases slightly, now the domestic quotation of MEG is 8,750-8,800 Yuan per ton in the East China, and the overseas quotation is up to 1,130 U.S. dollars per ton.

 

PET: Today PET bottle that the domestic market is stable, now the major bottle factory that the mainstream quotation is around 12,300-12,400 Yuan per ton at home, the transaction atmosphere is insipid in the market, and the actual negotiation is general. The major factory that the quotation of semi-bright PET chips is unchangeable in China-Jiangsu and Zhejiang market, now the negotiating price is around 11,800 Yuan per ton in the market, and the polyester staple fiber price is consolidated in the East-China region, among them, 1.4D*38mm spinning polyester staple fiber that the major ex-factory quotation is near by 12,650-12,800 Yuan per ton in the market. Today the polyester filament price keeps stable in China-Jiangsu and Zhejiang, the factory that the quotation is unchangeable, and it is dominated by shipment.