May 26th, 2011 Daily Review on Polyester Prices

International crude oil price rebound slightly. The July delivery light crude oil futures price increased $1.73 in New York Merchandise Exchange, closed at $101.32 per barrel, the increase amount is 1.7%, hit the new peak price ever since 10^th May. On 25^th, Asian PX price fell to $1485/t, FOB Korea, European PX price was maintained at $1546/t, FOB Rotterdam.

 

PTA quotation abroad spot goods market kept stable and its strike price was at $1195/t. Korean goods strike price was at $1185-1190/t. Real trade is rare. Quotation at home tends to be stable. Eastern China market actual negotiated price was at $9550-9600CNY/t, the market trade atmosphere was lively, and some orders are realized.

 

MEG quotation at home went up slightly, the strike price was estimated at 8770-8800CNY/t. Quotation abroad was at $1130-1140/t, and real strike price was a little lower.

 

Poly bottle chips price quotation at home stabilized. Eastern China bottle chips orders are mainly stroke at 12200-12300CNY/t (EXW). Poly staple fibers consolidate in low prices. In Eastern China market, the mainstream 1.4D*38mm direct spinning poly staple fiber was quoted at 12550-12650CNY/t. Semi-bright chips price at home is generally in low price. With the influence of strike price center lowering, now the market price for cash take is mainly around 11600-11650CNY/t.