May 22nd Daily Review on Polyester Prices

 

Futures: Today the contract 1209 of PTA futures opens at 8,220 Yuan/ton in China-Zhengzhou Commodity Exchange, which is flat with the closing price of previous trading day. In addition, the cotton futures open slightly lower in China-Zhengzhou Commodity Exchange, now the contract 1209 opens at 19,200 Yuan/ton, falls 45 Yuan/ton compared to the closing price of previous trading day.

PTA: Today the prices of PTA continue to be stable in North China. The market quotations are around 8,550-8,600 Yuan/ton, the bidding prices of downstream manufactures are about 8,450 Yuan/ton and the practical discussions are near by 8,450-8,550 Yuan/ton. The trading atmosphere is cold and with limited practical negotiations.

PFY: Today the prices of polyester yarn continue to the smooth trends in Taicang, China, but there is more favorable range from 50-100 Yuan/ton in the transaction. Now the quotation of POY150D/144F is 11,400 Yuan/ton and FDY50D/24F is 13,300 Yuan/ton. The factory shows that the purchase of raw material is sluggish in the downstream.

PSF: Today the price of polyester staple fiber shows the consolidated trends in East China, and the market quotation in the leading manufacturer is in a stalemate. At present, the prices of 1.4D direct spinning PSF focus on 10,950-11,050 Yuan/ton. Moreover, the leading quotations of PSF also tends to be stable in South China, now the prices of 1.4D direct spinning PSF focus on 11,050-11,150 Yuan/ton.