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Air of uncertainty hangs over polyester chip market
24
May '10
Prices of most of the upstream products in the polyester value-chain slipped in the previous week, which includes, PTA, MEG, polyester chips, CDP slice and PET bottle chips.

Trading price of semi-dull polyester chips stood at 9,300 Yuan per ton (3-months acceptance, to be delivered to buyer's destination) and 9,200 Yuan / ton (payment in cash).

Trading price of bright polyester chips was 9,400 Yuan per ton (3-months acceptance, to be delivered to buyer's destination) and 9,300 Yuan per ton, (payment in cash).

Spot price in CDP slice market was quoted around 10,400 Yuan per ton (6-months acceptance, to be delivered to buyer's destination).

Transaction price of PET bottle chip was 10,150 Yuan per ton, to be (delivered to buyer's destination).

As the market was approaching the weekend, an air of uncertainty hung over the polyester chip market, which was mainly in a state of wait and watch sentiment, leading to low trade volumes.

Fibre2fashion News Desk - China

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