Apr 25th Daily Review on Polyester Prices
Author: Tina Apr 25, 2012 14:51
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Futures:Today PTA futures open evenly in Zhengzhou Commodity Exchange. The contract 1209 opens at 8,564 Yuan/ton, which remains the same level compared with the closing price of previous trading day.Meanwhile, the cotton futures open slightly lower in Zhengzhou Commodity Exchange. The contract 1209 opens at 21,160 Yuan/ton, which drops 40 Yuan/ton compared with the closing price of previous trading day.
VFY:Recently VFY price is relatively weak. The manufactures begin to reduce the output in succession. But with the backing of cost, the price of VFY is unchangeable. Now the quotation of 120D is around 43,000-47,000 Yuan/ton.
PFY:Today the price of polyester filament yarn keeps stable in China-Taicang. Now the price of POY150D/144F is 11,600 Yuan/ton in a local manufacturer, and the FDY50D/24F is 13,600 Yuan/ton, but there are some concessions with delivery. The production and marketing of the manufacturer reduced to 50%-70% yesterday.
CPL:Today CPL price increases slightly in RMB spot market. The quotation of the supplier is around 20,400-20,500 Yuan/ton, the downstream bidding price is about 20,200 Yuan/ton and the actual negotiating price is about 20,300 Yuan/ton.
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Editor: qjydavid From: 168Tex.com
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