Apr 6th Daily Review on Polyester Prices

 

 

Futures: Today PTA futures open slightly higher in China-Zhengzhou Commodity Exchange. The contract 1209 opens at 8,638 Yuan/ton, up 38 Yuan/ton compared with the closing price of previous trading day. In addition, the cotton futures also go slightly higher in China-Zhengzhou Commodity Exchange，now the contract 1209 opens at 21,135 Yuan/ton, up 20 Yuan/ton compared with the closing price of previous trading day.

PTA: Today PTA price declines in domestic market, now the supplier quotes the goods for 8,650 Yuan/ton, the downstream bidding price is around 8,550 Yuan/ton, and the practical discussions are about 8,600 Yuan/ton. However, the trading atmosphere is cold and there are little negotiations.

PSF: Today the center of leading quotations for polyester staple fiber continues to slide in South China. Among which the prices of 1.4D direct spinning PSF focus on 11,200-11,250 Yuan/ton by cash and with delivery. In addition, the prices of polyester staple fiber are also sluggish and the leading quotation also continues to drop in East China. At present, the prices of 1.4D direct spinning PSF drop to 11,100-11,200 Yuan/ton.

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 Yuan/ton by cash and with delivery, the downstream bidding price is around 11,100 Yuan/ton, and the practical discussions are about 11,150 Yuan/ton. The trading atmosphere is cold and with little negotiations.

MEG: Today the leading quotation of MEG is around 7,250 Yuan/ton in Jiangsu，China, the buying offer is about 7,150-7,200 Yuan/ton and the negotiations are around 7,200-7,250Yuan/ton.