August 9th, 2011 Daily Review on Polyester Prices

Polyester Filament: The mainstream poly filament fiber quotation keeps stable, a local major melt spinning plant FDY75D/144F acceptance price is quoted at 16900CNY/t, FDY55D/24F acceptance price is quoted at 17400CNY/t. Another major direct spinning plant FDY50D/24F acceptance price is quoted at 17600CNY/t, DTY75D/144F acceptance price is quoted at 19900CNY/t, FDY50D/48F cash take price is quoted at 16800CNY/t, bright FDY40D/24F cash take price is quoted at 16600CNY/t.

 

PTA: Today, PTA quotation abroad keeps firm, Taiwan cargo is quoted at $1260-1265/t, Korean cargo is quoted at $1240/t, PTA quotation in China goes up, suppliers offer the price of 9700CNY/t, market trade atmosphere is average and real deal is rare.

 

MEG: MEG price tend to adjust in low, Quotation in China market is at 9650-9700CNY/t, the strike price is a little lower, which is estimated around 9600-9650CNY/t. Quotation abroad is not stable, suppliers quoted the ship loaded cargo at $1255-1260/t, and the strike price is estimated around $1250/t.

 

Poly Staple Fiber: Poly staple fiber in eastern China market slightly dropped, among which, 1.4D*38mm direct spinning poly staple fiber price mainstream dropped back to 13000-13100CNY/t.

 

PET Chips: PET chips quotation stabilized, semi-bright chips cash take price is quoted at 12400CNY/t, bright chips price is quoted at 12300CNY/t, the market is overwhelmed with an wait and see attitude.

 

PET Bottle Chips: PET bottle chips quotation abroad continue to increase, PET bottle chips quotation increased to $1720-1740/t (FOB China Port), quotation in China is stable, major plants cash take price quotation is 12900CNY/t, downstream counter offer price is 12700CNY/t and the real strike price is estimated around 12750-12850CNY/t.

 

Viscose Staple Fiber: Viscose staple fiber market price continue to increase, middle-end plants price is increased to 18500CNY/t, while high end plants quotation is around 18600-18800CNY/t. The downstream inquiry atmosphere is recovered to some extent but the overall market has no big improvement.