Apr 26th Daily Review on Polyester Prices

 

Futures: Today PTA futures open slightly lower in China-Zhengzhou Commodity Exchange. The contract 1209 opens at 8,540 Yuan/ton, falls 8 Yuan/ton compared with the closing price of previous trading day. Meanwhile, the contract 1209 of cotton futures opens at 21,170 Yuan/ton, which drops 5 Yuan/ton compared with the closing price of previous trading day.

PTA: Today PTA prices are consolidated in North China. The quotations on market are around 8,750-8,800 Yuan/ton, the downstream bidding prices of manufactures are about 8,700 Yuan/ton and the practical discussions are around 8,700-8,750 Yuan/ton. The trading atmosphere is cold and the actual transactions are scarce.

PSF: Today the centre of leading quotations for polyester staple fiber continues to be stable in South China. Among which the prices of 1.4D direct spinning PSF focus on 11,150-11,250 Yuan/ton. In addition, the prices of 1.4D direct spinning PSF focus on 11,050-11,150 Yuan/ton in East China.

CPL: Today RMB spot market of CPL is cold, the suppliers quotes the goods for 20,400-20,500 Yuan/ton, the downstream bidding prices of manufacturers are around 20,100 Yuan/ton, and the practical discussions are near by 20,200-20,300 Yuan/ton.