Mar 30th Daily Review on Polyester Prices

 

Futures: Today PTA futures open slightly lower in China-Zhengzhou Commodity Exchange. The contract 1209 opens at 8,680 Yuan/ton, declines 32 Yuan/ton compared with the closing price of previous trading day. In addition, the cotton futures also go slightly lower in China-Zhengzhou Commodity Exchange，now the contract 1209 opens at 21,250 Yuan/ton, falls 45 Yuan/ton compared with the closing price of previous trading day.

PFY: Today the price of polyester yarn continues to be consolidated in Taicang, China, and the quotation maintains stable in the local leading manufacturers. Now the quotation of POY150D/144F is 11,750 Yuan/ton, and FDY50D/24F is 13,600 Yuan/ton. The factory said the marketing was lower yesterday.

PTA: Today PTA price keeps stable in East China, which the supplier quotes the goods for 8,800 Yuan/ton, the downstream bidding price is around 8,700 Yuan/ton, and the practical discussions are about 8,750 Yuan/ton. However, the trading atmosphere is cold and there are little negotiations.

PSF: Today the price of polyester staple fiber continues to be stable in South China, among which the prices of 1.4D direct spinning PSF are 11,300-11,350 Yuan/ton by cash and with delivery.