Oct 17th, 2011 Daily Review on Polyester Prices

PTA: PTA price is steady in domestic market. Suppliers quoted 9550-9600 Yuan/ton. The downstream market stays straddle. The bidding price is around 9400 Yuan/ton and the practical discussions are around 9450-9550 Yuan/ton.

PET Bottle Chips: Polyester bottle chips price keeps steady in domestic market. Leading manufacturers at home quoted 12700-12800 Yuan/ton. The downstream bidding price is around 12500 Yuan/ton. The trading atmosphere is weak and practical discussions are rare.

PSF: The polyester staple fiber prices continue to slide down in East China; among which, 1.4D*38mm direct spinning PSF adjusted to 12900-13000 Yuan/ton.

PFY: The polyester yarn price keeps in deadlock in Jiangsu market. Major manufacturers in Shengze stabilized the quotations and now one of the direct spinning manufacturer quoted DTY 50D/72F light web for 22900 Yuan/ton by cash. The polyester yarn price is also steady in Zhejiang market. Manufacturers in Xiao Shan keep the previous prices unchanged and now one of them quoted FDY 66D/24F for 15900 Yuan/ton.