Home / Knowledge / News / Textiles / Sinopec announces settlement price of PSF August contracts

Sinopec announces settlement price of PSF August contracts

31
Aug '12
The settlement price of August contracts for polyester staple fibre (PSF), as announced by Sinopec Group, is 10,950 Yuan/ton for 1.4 D semi-dull variety, and 11,450 Yuan/ton for 1.2D bright PSF.
 
The company has also announced pre-offers for September contract. The pre-offer price of 1.4D semi-dull PSF is 11,200 Yuan/ton, while the price of 1.2D bright is 11,700 Yuan/ton.
 
According to the weekly market guide price, released by Sinopec, the price of 1.4D semi-dull PSF is 11,100 Yuan/ton, while that of 1.2D semi-dull and 1.2D bright is 11,100 Yuan/ton and 11,600 Yuan/ton, respectively.
 
At present, the domestic market price of 1.4D PSF is in the range of 10,800-10,950 Yuan/ton, which is about 200 Yuan/ton higher than prices prevailing a week earlier.
 
Along with the settlement price for PSF, Sinopec Group has also announced its settlement price of August contract for polyester chips. The price of dull polyester chips is 10,850 Yuan/ton, whereas the price of semi-dull chips, bright chips and industrial yarn grade chips is 10,050 Yuan/ton. 
 
The pre-offer price announced by Sinopec Group for September contract is 10,300 Yuan/ton for semi-dull polyester chips, bright chips and industrial yarn grade chips, and 11,100 Yuan/ton for dull chips.
 
Currently, polyester chip market in China is light and negotiations in mainstream market are around price level of 10,100 Yuan/ton in terms of cash payment.
 

Fibre2fashion News Desk - China


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 2nd Aug 2021

Vietnam surpasses Bangladesh as 2nd biggest garment exporter: WTO

Bangladesh recently lost its rank as the second largest apparel...

Pic: Shutterstock

Textiles | On 2nd Aug 2021

Euro zone economy expands by 2% in Q2 2021: Eurostat

The 19-member euro zone financial system expanded by 2 per cent in...

Pic: Shutterstock

Textiles | On 2nd Aug 2021

US real GDP increases at annual rate of 6.5% in Q2 2021: BEA

US real gross domestic product (GDP) increased at an annual rate of...

Interviews View All

Vandana Narang, National Institute of Fashion Technology

Vandana Narang
National Institute of Fashion Technology

Campus placements are low due to lockdowns

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Textile Industry, Head honchos

Textile Industry
Head honchos

There was a certain switch, but it was not 100% pandemic related

Ujjval Saraf,

Ujjval Saraf

Founded by Jimmy Lai, Giordano International Ltd, a Hong Kong based...

Susan Bhaktul,

Susan Bhaktul

Established in 2000 as a liaison with the Government of India, Industree...

Ritu Oberoi,

Ritu Oberoi

Mumbai-based Forsarees is a socially driven business enterprise, working...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search