Weekly Report on Bulk Textile Material (Ⅰ), Jan.16-20

This week, international oil price continued to shock.Ended by Thursday, NY oil February futures closed at 51.37 dollars/bbl, Brent March futures closed at 54.16dollars/bbl, declined 1.85 dollars.

As for PTA, PTA price was in  concussion this week. The quotation was around 5,200-5,300 Yuan/ton in domestic market. In addition, MEG price was about 7,830 Yuan/ton in domestic market and 920 dollars/ton

About PET chips, under the influence of Spring Festive, downstream factories began to have a holiday, so the demands were weak.

And for PFY,ended by Friday, the discussion prices of POY 75D/72F were about 9,250 Yuan/ton and POY 150D/144F was about 8,900 Yuan/ton.