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2011-7-1
Upstream Market: On June 29, in NYMEX, the futures price of crude oil delivered by August increased 1.88 dollars to 94.77 dollars per barrel, increased by 2%; a new high in these two weeks. On June 29, Asian PX price decreased 6 dollars to 1,372 dollars/ton FOB Korea; European PX price basically stayed at 1,430 dollars/ton FOB Rotterdam.
PTA: Weakness is playing the dominant role in the whole PTA market. In the abroad market, the shipping offering of Taiwan cargo is around 1,165 dollars/ton and the practical negotiated price is around 1,160 dollars/ton.
MEG: MEG market also shows weak tendency and the invested atmosphere is comparatively weak. In the abroad market, some of the suppliers quoted the cargo for 1,245-1,250 dollars/ton and the practical negotiated price is around 1,240 dollars/ton.
Downstream Market: The price of polyester bottle chips in the abroad market decreased today. Domestic makers quoted 1,580-1,590 dollars/ton and the downstream bidding price is around 1,540 dollars/ton; the practical negotiated price is around 1,560-1,570 dollars/ton. The market is still straddle and real negotiation is rare on market.
Source:168Tex.com
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