On upstream: 1st June, the July delivery light crude oil futures price decreased $2.41 in New York Merchandise Exchange, closed at 100.29 point, decrease amount is 2.35%. In London market, the June delivery North Sea Brent oil futures decreased $2.20, closed at $114.53 per barrel, the decrease amount is 1.88%. Asian PX market price increased slightly by $2 to $1483/t, FOB Korea and European PX price is basically maintained at $1545/t, FOB Rotterdam.
Today, PTA quotation abroad increased slightly, Taiwan ship loaded cargo was quoted at $1240 or so. Korean goods quotation is around $1220/t. Trade atmosphere is cold. Eastern China domestic trade price increase slightly, now the actual negotiate price is at about 9750CNY/t, but real trade is rare.
MEG order in eastern China market is few, and real transaction is rare. Currently, the negotiated price is estimated at 9400-9450CNY/t. Imported spot goods market also calms down, some suppliers offered the price at $1210-1220/t.
Poly bottle chips quotation at home increased slightly. The major manufacturer quoted at 12500-12600CNY/t (cash take for EXW price). The trade atmosphere is cold, and real trade is few. Semi-bright chips mainstream for acceptance in China is quoted at 12100-12200CNY/t.
Poly staple fiber quotation in Eastern China market also increase slightly. Of which, direct spinning 1.4D*38mm mainstream price changed to 12600-12700CNY/t. While poly filament fiber price trend is still upward, the market trade atmosphere is quite good.
