Mar 28th Daily Review on Polyester Prices

 

CPL: Today RMB spot market of CPL is consolidated by weakness. Now the sporadic offer of it is between 22,200 and 22,300 Yuan/ton, the downstream bidding price is 22,000 Yuan/ton, and the actual negotiations are around 22,100-22,200 Yuan/ton.

MEG: Today the market quotation of MEG is around 7,550 Yuan/ton in Jiangsu，China, the buying offer is about 7,500 Yuan/ton and the negotiations are around 7,520-7,550 Yuan/ton.

Futures: Today the contract 1209 of PTA futures opens at 8,762 Yuan/ton in China-Zhengzhou Commodity Exchange, which maintains the same level compared to the closing price of previous trading day. In addition, the cotton futures go slightly higher in China-Zhengzhou Commodity Exchange，now the contract 1209 opens at 21,300 Yuan/ton, which increases 5 Yuan/ton compared to the closing price of previous trading day.

PET Bottle Chips: Today the prices of polyester bottle chips are consolidated by weakness in China. Now the leading manufacturer quotes the goods for 11,200-11,400 Yuan/ton by cash and with delivery, the downstream bidding price is around 11,150 Yuan/ton, and the actual negotiations are about 11,150-11,200 Yuan/ton. The trading atmosphere is cold and with little negotiations.

PSF: Today the prices of polyester staple fiber is upward slightly in South China, among which the prices of 1.4D direct spinning PSF rise to 11,300-11,350 Yuan/ton by cash and with delivery. In addition, the prices of polyester staple fiber is also rising steadily in East China, now the prices of 1.4D direct spinning PSF go high to 11,250-11,300 Yuan/ton.

PTA: Today PTA price goes strong in North China. The leading quotations are around 8,850-8,900 Yuan/ton in the market, the downstream bidding prices are around 8,800 Yuan/ton, and the actual discussions are around 8,850 Yuan/ton. The demands are general in the downstream manufacturers, and the trading atmosphere is cold and with limited negotiations.