Apr 10th Daily Review on Polyester Prices

 

Futures: Today PTA futures open slightly lower in China-Zhengzhou Commodity Exchange. The contract 1209 opens at 8,576 Yuan/ton, which falls 22 Yuan/ton compared with the closing price of previous trading day. However, the cotton futures go slightly higher in China-Zhengzhou Commodity Exchange，now the contract 1209 opens at 21,260 Yuan/ton, which increases 5 Yuan/ton compared with the closing price of previous trading day.

PTA: Today PTA price keeps stable in North China. The market quotations are around 8,700-8,750Yuan/ton, the bidding prices of downstream manufacturers are around 8,600 Yuan/ton, and the practical discussions are around 8,650-8,700 Yuan/ton. Now the trading atmosphere is cold and with limited transactions.

PET Bottle Chips: Today the prices of polyester bottle chips maintain stable in China. Now the leading manufacturer quotes the goods for 11,100-11,300 Yuan/ton by cash and with delivery, the downstream bidding prices are around 11,100 Yuan/ton, and the practical discussions are about 11,000-11,200 Yuan/ton. Now the trading atmosphere is cold and the practical discussions are limited.

PSF: Today the center of leading quotations for polyester staple fiber is in a stalemate 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 continues to be consolidated, and the quotation also continues to slide in some manufacturers, now the prices of 1.4D direct spinning PSF are around 11,100-11,200 Yuan/ton.