July 25th, 2011 Daily Review on Polyester Prices

Upstream market: On last Friday, the futures price in NYMEX increased 74 cents, and closed at 99.87 USD/Ton, which increased 0.8%.

PTA: Today the PTA price dropped slightly in overseas market, suppliers quoted Taiwan cargo for about 1,200-1,210 USD/Ton, and the price of Korean goods is about 1,185 USD/Ton. The price of PTA is firm in domestic market, the suppliers quoted for about 9,350-9,400 Yuan/Ton. The market atmosphere is light and the practical negotiation is a few. 

MEG: Today, MEG morning opening quotation is 9,400-9,450 Yuan/Ton in eastern China.

PET Chips: Today the price of semi-dull polyester chips increased in Jiangsu and Zhejiang market. Now, the main factories quoted for about 12,500-12,600 Yuan/Ton. The market transaction is good on the weekend.

PET Bottle Chips: Today the polyester bottle chips increased continuously in domestic and overseas market, the domestic main bottle chips factories quoted for about 12,700-12,800 Yuan/Ton, and the price in the overseas market is about 1,630-1,640 USD/Ton (FOB China Main Port).

PSF: The PSF price is still consolidated in eastern China, the price of direct spinning PSF 1.4D*38mm is about 12,600-12,700 Yuan/Ton.

PFY: The price of PFY in eastern China increased dramatically, the quotation of a local main factory increased 300-500 Yuan/Ton, now it quoted bright FDY50D/36F for about 17,500 Yuan/Ton, semi-dull FDY55D/24F for about 17,400 Yuan/Ton and DTY75D/144F for about 20,200 Yuan/ton.