July 1st, 2011 Daily Review on Polyester Prices

  

Upstream

  On June 30th, the futures price of light crude oil in New York Commodity Exchange increased 65 cents to 95.42 USD per barrel, and the growth rate was 0.7%. The price of PX in Asia dropped 16 USD to 1,356 USD/Ton FOB Korean and the price of PX in Europe kept 1,430 USD/Ton FOB Rotterdam.

  PTA: The price of PTA in domestic market was about 9, 100 Yuan/Ton. In overseas market, Taiwan cargo price was about 1,155 USD/Ton and the Korean goods was lower.

  MEG: The price of MEG is consolidated. The price is about 9,450 Yuan/Ton in domestic market, and the price is about 1, 245 to 1, 250 USD/Ton in overseas market.

  PET: Today, the price of semi-dull polyester chips keeps steadily about 11,700 to 11,800 Yuan/Ton in Jiangsu and Zhejiang market. The price of polyester bottle chips in domestic market is about 12,200 Yuan/ton.

Downstream

  Today, the price of PSF in eastern China dropped slightly. The price of direct spinning PSF 1.4D*38mm is about 12, 700 to 12, 800 Yuan/Ton. The price of polyester yarns keeps steady, a main factory quoted FDY50D/24F for 15,300 Yuan/Ton and DTY150D/144F for 16,400 Yuan/Ton.