May 30th, 2011 Daily Review on Polyester Prices
Author: Emma May 30, 2011 20:07
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Upstream Market: On May 27, in NYMEX, the futures price of light crude oil delivered by July increased 36 cents to 100.59 dollars per barrel; the increasing rate was 0.4%. The contract price increased 1.12% last week. On May 27, Asian PX price increased 2 dollars to 1,501 dollars/ton FOB Korea; European PX price basically stayed at 1,546 dollar/ton FOB Rotterdam.
PTA: In the domestic market, PTA price goes steady today. The subjective offerings of the suppliers are little, and the practical negotiated price is around 9,700 Yuan/ton. The price in the abroad market slightly increases today. The quotation of Taiwan cargo on market is 1,220 dollars/ton and the Korean cargo is around 1,200-1,205 dollars/ton. The trading atmosphere is dull and real negotiation is little.
MEG: Today, the selling offering of Jiangsu MEG price was 8,900 Yuan/ton at the early time and the buying offering was around 8,850 Yuan/ton, while the negotiated price was 8,880-8,900 Yuan/ton. There was comparatively much inquiry today.
Downstream Market: The price of polyester products go better today. The negotiated price of Semi-dull Polyester Chips on market is basically around 11,600-11,650 Yuan; big light chips’ negotiated price is 11,700 Yuan and the leading close price of bottle chips slightly increased to 12,300-12,400 Yuan. The leading manufacturers in Shengze, China still increased the quotations. A local direct spinning manufacturer increased some of POY and FDY products by 100 Yuan/ton and increased some of DTY products by 100-200 Yuan/ton. Among these, DTY 75D/144F was quoted 19,100 Yuan/ton and FDY 50D/48F was quoted 16,200 Yuan/ton.
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Editor: qjydavid From: 168Tex.com
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