June 3rd, 2011 Daily Review on Polyester Prices

 

On upstream: June.2 the price of COMEX Light, sweet crude oil futures for June delivery raises 11 cents to 100.4 dollars per barrel increased by 0.11 percent. The price of London market Brent Oil futures for June delivery raised 1.01 dollars to 115.54 dollars per barrel increased by 0.88 percent. While June.2 the price of Asia PX sank 21 dollars to 1462 dollars per ton FOB Korea, Europe PX sank 5 dollars to 1540 dollars per ton FOB Rotterdam.

 

Today PTA domestic market is falling, the suppliers’ price offers at 9700 RMB/T, and the market trading atmosphere is slack, and the practical discussion is few. The quotation of overseas market goes down a bit, Taiwan ship goods quote at 1220 dollars per ton, Korea goods quote at 1200-1205 dollars per ton. The market trading atmosphere is dim, and the practical discussion is limited.

The MEG domestic market in east China today is stable. The suppliers offer around 9200-9250 RMB/T. The offer from manufactories in overseas market is few, the inquiry from buyers is around 1180-1185 USD/T.

 

Downstream: today the PET Bottle Chip market of east China keeps stable, mainstream price keeps at 12500-12600 RMB/T(cash, factory price). The market trading atmosphere is dull. In China Jiangsu and Zhejiang market, the price of semi-dull polyester chips is stable. East China polyester spun yarn market is stable, the factory price of 1.4D*38mm offers around 12600-12750 RMB/T.