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China Polyester Filament Yarn Market shoots up in July
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By
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Alex Gao
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After Jul PTA contract settlement coming out at higher-than-expected
Yuan 7,350 per ton by major producers late the month, polyester producers had
to push up quotations. The tickup also came alongside with a moment crude oil
futures kept a rosy state in the Nymex. The end-month pickup reached as much as
Yuan 350 per ton. By 31st July, traded benchmarks were Yuan 9,950
per ton, Yuan 11,000 per ton and Yuan 10,550 per ton, respectively for
partially oriented yarn 150D/48F, drawn textured yarn 150D/48F and fully drawn yarn 150D/144F on a delivered basis.
About the Author
The author is an independent analyst on China chemical fibers industry.
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