Weekly Report: PTA Futures (29th Aug-2nd Sept)

    This week, PTA futures price keeps increasing. By Friday, PTA futures main contract 1201 in China is settled at 10172CNY/t, which was 156CNY/t increased in compare with that of last Friday, the increase amount is 1.56%.

    On spot goods, PYA price continue to increase. By Friday, PTA quotation in China market increased to 10550CNY or so, rising 350CNY in compare with that of last Friday, its increase amount is 3.43%. Taiwan cargo price increased $45 to $1345, its increase amount is 3.46%, and Korean goods price increased to $1330, rising $40 and its increase amount is 3.1%.

    Crude oil price rise and fall sharply at the beginning of the week. On Monday, New York Commodity Exchange Oct delivery futures price slumped $86.45, its drop amount is 2.79%. Then its price comes to stably fluctuate, while on Thursday, its price jumped up again. On the general, by Friday, its price is settled at $89.05/bbl, add up to $0.12 increased totally, its increase amount is 0.13%, Brent oil Oct futures price is settled at $114.55/bbl, totally increased $0.26, its increase amount is 0.23%.

On downstream, polyester products price is mainly upward, among which, PET bottle chips price increased to 400CNY/t to 13600CNY/t, its increase amount is 3.03%, semi-bright chips mainstream quotation increased to 13100CNY/t, totally increased 400CNY/t; poly staple yarn price increased simultaneously, the 1.4D semi-bright staple yarn mainstream 13700-13900CNY/t, increased 300CNY/t, comparing with that of last Friday.