PTA market was dominated by waiting tone; MEG market saw sluggish buying interest due to more contractual cargoes arriving.
PSF producers in Jiangsu & Zhejiang generally kept offers unchanged amid modest liquidation, though one factory saw a tentative hike by 50 yuan/ton.
Semi dull polyester chip market kept stable in Jiangsu and Zhejiang. Some individual producers like Rongsheng raised offers by 100 yuan/ton to 11,200 yuan/ton (D/A 90 days). Transaction weakened slightly in line with dropped sale/production ratios in downstream sector.USD- and RMB-based CPL market both firmed in price but with modest trading activity.
Domestic nylon chip market remained steady while USD-based market rose. Nylon filament price was steady with certain support from feedstock chips. Producers operated with relatively high stockpile and quiet sales.
Raw materials of acrylonitrile showed sound increase lately, so cost pressure added in domestic acrylonitrile market. Producers and traders were much likely to raise prices, with mainstream values at 16,200 yuan/ton delivered in East China, up 200 yuan/ton from yesterday.
Acrylic fiber sentiment kept stable as a whole. Downstream demand remained lackluster, and producers had average production.
Spandes prices remained stable supported by growing downstream demand, with low offers available from some suppliers.
TA 805 opened at 8,248 and then headed down with fluctuations, with the highest at 8,268 and the lowest at 8,210.
