June 15th, 2011 Daily Review on Polyester Prices

 

Upstream Market: On June 14th, the futures price of light crude oil delivered by July raises 2.07dollars to 99.37 dollars per barrel and its increasing rate was 2.1% on the New York Mercantile Exchange (NYMEX). Meanwhile, Asian PX price fell 15 U.S. dollars to 1,405 dollars per ton FOB Korea, and European PX price rises 14 U.S. dollars to 1,643 U.S. dollars per ton FOB Rotterdam.

PTA Spot Goods: Today PTA spot market is consolidated by vulnerably. In the overseas market, the actual negotiating price of Taiwan cargo is about 1,190 U.S. dollars per ton, and the actual negotiating price of Korean cargo is near by 1,180-1,185 U.S. dollars per ton. In the domestic market, the actual negotiating price is around 9,400-9,450 Yuan per ton in the East China, and the transaction atmosphere is flat in the market.

MEG: Today the spot price of petrochemical MEG maintains stable in China-Jilin market. At present, the local spot quotation is 9,530RMB per ton, and it is 9,250 Yuan per ton outsourcing the North China, meanwhile, the price is 8,780 Yuan per ton outward the East China, and the cargo quotation is 8,970 Yuan per ton.

Downstream Market: Today the polyester staple fiber price is dominated by stable in the East-China region, and among them, 1.4D*38mm spinning polyester staple fiber that the major ex-factory price maintains 13,150-13,300RMB per ton in the market. Meanwhile, the polyester bottle tends to be cold in the domestic market, now the major quotation is between 12,600-12,700 Yuan per ton in the domestic mainstream bottle manufacturer, at present, the transaction atmosphere is flat, and the actual negotiation is scarce in the market.