July 27th, 2011 Daily Review on Polyester Prices

Upstream Market：

July.26 the price of COMEX light crude oil futures raised to 99.59 dollars per barrel at the close. The price of Brent Oil futures in London market raised to 118.28 dollars per barrel .While July.26 the price of Asia PX raised 22 dollars to 1547 dollars per ton FOB Korea, Europe PX raised 5 dollars to 1550 dollars per ton FOB Rotterdam.

PTA: the PTA domestic market is stable for the moment. The suppliers’ offer is at 9400 RMB/T. The abroad market goes up slightly. The Taiwan cargo offers 1215 dollars/ton, and Korea cargo offers 1190-1195 dollars/ton.

 

 

MEG: today the MEG market goes up. The domestic practical negotiated price is around 9500-9550 RMB/T, the overseas practical negotiated offer is at 1220-1225 USD/T.

 

Downstream Market:

Polyester spun yarn: The polyester spun yarn in east China market keeps stable. The mainstream factories quote 1.4D*38mm direct spinning at 12700-12800 RMB/T. Meanwhile, the south China market is stable too. The quotation is around 12800-12900 RMB/T.

Polyester Chip: The quotation of polyester chip in China Jiangsu&Zhejiang market keeps stable. The mainstream offer of semi-dull polyester chip is around 12500-12700 RMB/T, and the bright polyester chip is around 12100-12450 RMB/T.

PET Bottle Chip: the domestic market of PET Bottle Chip is firm today, mainstream price from the main manufactories is around 12700-12800 RMB/T. In the overseas market, China suppliers offer at 1640-1650 USD/T (FOB China main ports), and the practical offer is about 1620 USD/T (FOB China main ports).

Rayon Stable Fibers: Rayon Stable Fibers market is stable, the factory monthly price is announced which is at 18000 RMB/T. The Trading atmosphere of new orders is weak, which have the monthly price is slightly better.