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Sinopec announces July pre-offers of polyester chips

Jul '10
Sinopec Group has announced pre-offers of polyester chips for July contract.
Semi-dull chips – 9,500 Yuan / ton.
Bright chips and industrial yarn slices – 9,650 Yuan / ton.
Film grade chips – 9,600 Yuan / ton.
Full-dull chips at - 10,300 Yuan / ton.

Pre-offers of polyester staple fiber for July contract.
1.4D semi-dull - 10,200 Yuan / ton,
1.2D semi-dull - 10,250 Yuan / ton,
1.2D bright – 10,800-10,850 Yuan / ton (to be delivered to buyer's destination).

Interim offers of polyester staple fiber for July contract.
1.4D semi-dull - 10,000 Yuan/ ton,
1.2D semi-dull - 10,050 Yuan / ton,
1.2D bright – 10,600-10,650 Yuan / ton.

In the past seven days, polyester chips market was mainly based on correction, market sentiment was more cautious, mainstream offers were around 9,100 Yuan / ton.

Currently, mainstream offers for 1.4D polyester staple fiber range 9400-9650 Yuan / ton (payment in cash or acceptance), representing an increase of 50 Yuan / ton compared with previous week.

Fibre2fashion News Desk - China

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