June 20th, 2011 Daily Review on Polyester Prices

Upstream Market: On June 20th, Asian PX price rises 8 U.S. dollars to 1,422 dollars per ton FOB Korea, and European PX price is consolidated to 1,466 U.S. dollars per ton FOB Rotterdam.

 

PTA Spot Goods: Today PTA spot market is weak in the overseas market, the actual negotiating price of Taiwan cargo is about 1,195 U.S. dollars per ton, and the actual negotiating price of Korean cargo is near by 1,185 U.S. dollars per ton. In addition, the price is also slide down in the domestic market, the actual negotiating price is around 9,400-9,450 Yuan per ton in China, now the transaction atmosphere is flat, and the actual transaction is limited in the market.

 

MEG: Today the spot price of petrochemical MEG maintains stable in China-Jilin market. At present, the local spot quotation is 9,580 Yuan per ton, and it is 9,300 Yuan per ton outsourcing the North China, meanwhile, the price is 8,830 Yuan per ton outward the East China, and the cargo quotation is 9,020 Yuan per ton.

 

Downstream Market: Today the polyester bottle price maintains stable 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 general, and the actual negotiation is scarce in the market. In addition, the polyester staple fiber price is dominated by stable in the South-China region, and among them, 1.4D*38mm spinning polyester staple fiber that the major ex-factory price focuses on 13,200-13,400 Yuan per ton in the market.