May 23rd, 2011 Daily Review on Polyester Prices

 

 

Upstream Market: Last weekend, Asian PX price fell 6 U.S. dollars to 1,496 dollars per ton FOB Korea, and European PX price fell 6 U.S. dollars to 1,547 U.S. dollars per ton FOB Rotterdam.

 

PTA Spot Goods: Today PTA spot market is consolidated. In the overseas market, the actual negotiating price of Taiwan cargo is about 1,210 U.S. dollars per ton, and the actual negotiating price of Korean cargo is near by 1,205 U.S. dollars per ton, and the actual negotiation is scarce. In the domestic market, the actual negotiating price is around 9,650 Yuan per ton in the East China, and the transaction atmosphere is flat in the market.

 

PTA Futures: Today the closing price of main force 1109 contract of Zhengzhou Commodity Exchange PTA futures is 9,536 Yuan per ton, which it reduces slightly 40 Yuan per ton, compared with the last trading day of settlement price.

 

MEG: The wait-and-see mood is heavier in the market, and the price keeps stable, now the domestic mainstream maintains 8,700-8,750 Yuan per ton, while in the overseas, it is basically around 1,120 U.S. dollars per ton.

 

PET: Today PET bottle that the domestic market is stable in the East China, now the actual negotiating price is around 12,200 Yuan per ton, and the transaction atmosphere is general in the market. In addition, the semi-bright PET chips also continues to be stalemate in China-Jiangsu and Zhejiang market, now the major negotiating price is about 11,800 Yuan per ton in the market. Meanwhile, the polyester staple fiber also continues to be stable in the East China, now 1.4D*38mm spinning polyester staple fiber that the major ex-factory quotation is near by 12,700 Yuan per ton in the market. Today the polyester filament price is unchangeable in China-Jiangsu and Zhejiang market, the factory continues to be shipment primarily.