Rebound Ended Index Fall Back Slightly

Today chemical fiber index dropped slightly, which is mainly because of the raise of RMB deposit interest rate since 7th July，2011, the one year deposit and lending rate is increased 0.25% respectively. Adding with the high temperature factor, the loading program is frequently carried out in China market. Poly feedstocks price is generally consolidating in weak. We can find that there is no favorable factors to boost price up. Influenced by which, the downstream weaving plants covering activeness is calm down, which brought index downward.
     See from detailed product price: PTA price keeps stable, its eastern China quotation is around 9100CNY/t, Taiwan ship loaded cargo is quoted at $1175-1180/t, suppliers withhold the goods. MEG price adjust the price at weak, quotation in China was at 9400-9450CNY/t, while quotation out abroad is at $1230/t and buyers offer the price of $1220/t. Semi-bright poly chips mainstream acceptance price was at 12100CNY/t. Poly fiber quotation of the Shengze manufacturers are mostly keep stable. Now a super major plant quoted its FDY50D/24F at 15900CNY/t (6 moth acceptance), another super major plants quoted its FDY50D/72F for cash take price at 17400CNY/t. On differential fiber, T/N compound fiber DTY160D/72F *16 was quoted at 19500CNY/t. Cation fiber FDY50D/24F was quoted at 18300CNY/t.
    Now the downstream staged stock up is coming to a conclusion, while the load shedding program from place to place has caused influence to both weaving plants and chemical fiber plants. Feedstocks price is estimated to consolidate aftermarket. But with the marketing goes weak, index will also drop slightly.