On-Spot Polyester Quotation Everyday (28th Mar)
Author: Mar 29, 2011 11:03
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Today, PTA1109 in Zhenzhou area has dropped 3.62% by 28th, which is closed at 11132CNY/t, as the result of the uncontrollable Japanese nuclear radiation problem in addition with the tax drawback rate lower down.
25th, crude oil price of the May acceptance is closed at $105.40 in New York Mercantile Exchange, which dropped $0.20, or at 0.19%. Middle East situation tensed up, yet, no disturbance has brought about to the big oil producing countries and the market is in well run. Several Fed Officials contend, for the sound economic basis of America, Federal government will not enlarge its government bonds plan of 600 billion dollars. The straddle situation is eased, link relative ratio of the forth season in the American gross domestic product increased 3.1%, which is favorable than expected. But the news failed to boost the price up. Crude oil price stabilized, which will not add chemical cost in raw material making and of course, adding no pressure on futures price.
On chemical fiber market, today, PTA spot goods price modulated, and MEG price, semi-dull poly chips and bright poly chips price consolidated, CDP chips price stabilized, PET Flakes price consolidated. On the market, semi-dull poly chips cash take price is 13550CNY/t, and bright chips of cash take is 13500CNY/t, CDP chips strike price of cash take is 14400CNY/t (6-month acceptance), PET Flakes deliver price is 14200CNY/t.
At present, the whole poly fiber market overwhelmed with the straddle mood. The subordinate weaving factories are under the operation mode of buy in material according to its need, thus made the spinning manufacturers’ production and marketing rate low, and poly fiber stock is piled up in the chemical fiber plants. Under the pressure of high material cost, some kind of high denier polymerizing material is in the red.
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Editor: Candy From: 168Tex.com
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