Chinese PX market conditions were relatively stable, trade volume declined and price stood around US $1560 in Asia.
PTA market trend was in adjustment, domestic market price was at 8,900 Yuan / ton and discussion price for foreign goods was around US $1170 / ton.
MEG market also displayed a wait-and-watch attitude, mainstream discussion for domestic goods was 8,500 Yuan / ton and negotiation for foreign goods was around US $1,120 / ton.
Pre- offer from Sinopec Group for polyester chips under January contract increased 200 Yuan. The price of semi-dull chips is 11,100 Yuan / ton, bright industrial yarn grade chips are 11,150 Yuan / ton and price of dull-class slice is 11,900 Yuan / ton.
Polyester chip market was in smooth consolidation in the week and market price stood at 10,900 Yuan / ton (on cash terms).
Fibre2fashion News Desk - China
marketing@alchempro.com
