Sep 5th, 2011 Daily Review on Polyester Prices

 

 

Upstream Market：Sep.2nd the price of Asia PX was stable at 1682 dollars per ton FOB Korea, Europe PX was stable at 1596 dollars per ton FOB Rotterdam.Today the PTA domestic market goes up, but the commodity supply is rare. The suppliers’ offer is at 10300-10350 RMB/T. The abroad market goes up too. The Taiwan cargo offers 1310-1320 dollars/ton, and Korea cargo offers 1290 dollars/ton.
MEG market continued to adjust the trend and keeps the price firm. The domestic offer is at 9950 RMB/T, the overseas offer is at 1285 USD/T.
Downstream Market: The polyester spun yarn in east China market goes up slightly. The mainstream factories quote 1.4D*38mm direct spinning at 13500－13600 RMB/T. Meanwhile, the south China market continues to go up. The offer is around 13600-13700 RMB/T.
The domestic market of PET Bottle Chip keeps firm, mainstream price from the main manufactories is around 13100-13400 RMB/T. The overseas market is stable, the offer is around 1700-1710 USD/T (FOB China main ports). The trading atmosphere is flat, and the practical negotiation is rare.