May 27th, 2011 Daily Review on Polyester Prices
Author: Yuki May 27, 2011 18:30
May.26 the price of COMEX Light, sweet crude oil futures for June delivery sank 1.09 dollars to 100.23 dollars per barrel down by 1.08 percent. The price of London market Brent Oil futures for June delivery raised 12 cents to 115.05 dollars per barrel increased by 0.1 percent. While May.26 the price of Asia PX raises 14 dollars to 1499 dollars per ton FOB Korea, Europe PX price is stable at 1546 dollars per ton FOB Rotterdam.
Today PTA domestic market increased a bit, the suppliers’ price offers at 9700-9750 RMB/T, the market trading atmosphere turns for the better a bit, heard that some goods close a bargain at 9700 RMB/T. Overseas market quotation, Taiwan ship goods quote 1205-1210 dollars per ton, Korea goods quote at 1200 dollars per ton. stable, and the practical discussion is few.
Downstream: today the PET Bottle Chip market of east China keeps firm, mainstream price keeps at 12400 RMB/T. The market trading atmosphere is flat. In China Jiangsu and Zhejiang market, the semi-dull polyester chips offer at 11600-11650 RMB/T (spot cash). East China polyester spun yarn market is stable, the factory price of 1.4D*38mm offers around 12550-12650 RMB/T.
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