Mar 27th Daily Review on Polyester Prices

 

Futures: Today PTA futures open slightly higher in China-Zhengzhou Commodity Exchange. The contract 1209 opens at 8,746 Yuan/ton, up 14 Yuan/ton compared to the closing price of previous trading day. In addition, the cotton futures also go higher in China-Zhengzhou Commodity Exchange，now the contract 1209 opens at 21,345 Yuan/ton, up 30 Yuan/ton compared to the closing price of previous trading day.

PET Bottle Chips: Today the prices of polyester bottle chips are stable in China. Now the leading manufacturer quotes the goods for 11,400-11,500 Yuan/ton by cash and with delivery, the downstream bidding price is around 11,200 Yuan/ton, and the negotiations are about 11,200-11,300 Yuan/ton. The trading atmosphere is cold and with little negotiations.

PSF: Today the prices of polyester staple fiber rise while maintaining the stability in South China, among which the prices of 1.4D direct spinning PSF rise to 11,250-11,300 Yuan/ton by cash and with delivery. In addition, the prices of polyester staple fiber also increase in East China, now the prices of 1.4D direct spinning PSF go high to 11,20011,250 Yuan/ton.

PTA: Today PTA price goes strong in North China. The leading quotations are around 8,800-8,850 Yuan/ton in the market, the downstream bidding prices are around 8,700 Yuan/ton, and the practical discussions are around 8,750 -8,800 Yuan/ton. The demands are cold in the downstream manufacturers, and the practical discussions are general and with little negotiations.