May 10th Daily Review on Polyester Prices
Author: Tina May 10, 2012 12:54
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Futures:Today PTA futures open slightly higher in Zhengzhou Commodity Exchange. The contract 1209 opens at 8,448 Yuan/ton, which increases 12 Yuan/ton compared with the closing price of previous trading day. In addition, the cotton futures open lower in Zhengzhou Commodity Exchange. The contract 1209 opens at 20,550 Yuan/ton, which drops 105 Yuan/ton compared with the closing price of previous trading day.
PTA:Today PTA price keeps stable in China. The quotation of the supplier is about 8,700 Yuan/ton. The downstream bidding price is about 8,600-8,650 Yuan/ton and the actual negotiating price is about 8,650 Yuan/ton. The trading atmosphere is mild and there are little transactions.
CPL:Today RMB spot market of CPL is flat. The quotation of the supplier is around 20,500-20,600Yuan/ton, the downstream bidding price is 20,400 Yuan/ton and the actual negotiating price is around 20,400-20,500Yuan/ton.
PFY:Today the price of polyester filament yarn is still in a stalemate in China-Shaoxing. Now the cash quotation of FDY75D/36F is 12,210 Yuan/ton in a local leading manufacturer, FDY100D/48F is 11,910 Yuan/ton and bright FDY75D is 12,100 Yuan/ton. The manufacturers reflected that the sales falls apparently yesterday and the production and marketing was about 60%.
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Editor: qjydavid From: 168Tex.com
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