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Sinopec adjusts Sept pre-prices contract of polyester chips
26
Sep '11
The pre-prices of polyester chips for September contract of Sinopec Group have been adjusted as follows:

Semi-dull chips are at 13,300 Yuan / ton, bright slices and industrial yarn grade chips are at 13,300 Yuan / ton, dull-class slices are at 14,100 Yuan / ton.

Market sentiment of polyester chips continues to fall, discussion room has expanded, mainstream discussion is at about 13,000 Yuan / ton in cash payment.

The pre-prices of polyester staple fiber for September contract of Sinopec Group have been adjusted as follows:

1.4D semi-bright is at 14,000 Yuan / ton, 1.2D semi-bright is at 14,050 Yuan / ton, 1.2D bright is at 15,000 Yuan / ton (to be delivered).

Real-time quotation of 1.4D semi-bright is at 14,200 Yuan / ton, 1.2D semi-bright is at 14,250 Yuan / ton and 1.2D bright is at 15,200 Yuan / ton.

Currently, in domestic mainstream markets, transaction price of polyester staple fiber 1.4D ranges between 13,900-14,100 Yuan / ton in terms of cash or acceptance, which is lower by 100 Yuan / ton than the previous week.

Fibre2fashion News Desk - China

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