June 24th, 2011 Daily Review on Polyester Prices
Author: Emma Jun 24, 2011 16:43
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Upstream Market: Ended by Beijing Time, June 24, 11am. The futures price of WTI crude oil delivered by August increased 0.86 dollars to 91.86 dollars per barrel and November’s increased 0.91 dollars to 92.45 dollars per barrel. On June 23, Asian PX price decreased 14 dollars to 1,424 dollars/ton FOB Korea and European PX price decreased 10 dollars to 1,444 dollars/ton FOB Rotterdam.
PTA: The PTA price continues to decrease in domestic market today. The suppliers’ quotations slid to 9,300 Yuan/ton and the practical negotiated price was around 9,250 Yuan/ton. It is the same situation in abroad market. The suppliers are reluctant to sell. The Taiwan goods on market were around 1,185 dollars/ton.
MEG: Today’s MEG market turned to be better. Some quotation increased 9,500 Yuan/ton in domestic market and some increased to 1,260 Yuan/ton as a trial in the abroad market.
Downstream Market: The negotiated focus of the bottle chips slid down further today. The negotiated price of bottle chips decreased to 12,200 Yuan/ton. The negotiated price of polyester semi-dull chips dropped to 11,900 Yuan/ton by cash. The PSF market is also depressive and the price core drops down. In Jiangsu-Zhejiang Market, the leading quotation of 1.4D direct spinning PSF is around 13,000 Yuan/ton on market.
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Editor: 凌卫荣 From: 168Tex.com
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