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With the approach of weekend, PTA offers were scarce due to the surge of PX. MEG market was seen stable. (9 May)

PFY prices in Zhejiang remained soft despite the lofty crude. Offers in Tongxiang were stable for the moment, but some in Xiaoshan and Shaoxing continued to tumble slightly. One large producer in Shengze reduced FDY offers by 200 yuan/ton, but market activity was thin. PFY prices in Taicang were stable, but converters still purchased hand to month. (9 May)

Some PSF offer in Jiangsu and Zhejiang remained stable, but others tumbled. Traded prices lost their ground and market activity lulled. Sale/production ratio was near 70% and stock levels remained high. (9 May)

In Cixi, 2-D crimpled hollow re-PSF sentiment was poor, but prices remained firm. Sale/production ratios were at 50-70%. (9 May)

In Jiangsu and Zhejiang, semi-dull PET chip market was ranging bound weakly. Demand for PET chips increased somewhat due to the strength of PTA recently. Mainstream traded prices were at 10,200-10,300 yuan/ton (cash). (9 May)

Enquires for CPL increased slightly, but the market trend was still soft. Trading activity for nylon chips was modest. (9 May)

Nylon filaments got poor demand from textile market and prices were stable on the back of costs. But producers were under great inventory pressure, thus many deals were concluded at low prices. (9 May)

Demand for ACN was quite stable today. Trading activity was modest and prices were little unchanged. Mainstream prices in East China were pegged at 17,200 yuan/ton delivered. (9 May)

Acrylic fiber sentiment remained stagnant and demand was still subdued. Sales were also unsmooth, with prices basically holding their ground. (9 May)

Trading activity in Chinese textile feedstock market continued to slide and spandex suppliers were still lowering prices due to the mounting inventories day by day. (9 May)

Cotton pulp producers were very cautiously watching the market and still haven’t nominated prices for May, as VSF market was dismal. (9 May)

TA0807 opened at 8,090 in the morning and then went upwards. Current highest price was 8,150 and lowest one was 8,090. (9 May)

TA0807 gained 30 points on the day, closing at 8,154 and settling at 8,138. Traded volume totaled 12,284 contracts, with open interest down 596 contracts to 50,618 contracts. (9 May)

Demand for PP fiber was poor, but upstream feedstock remained upward. Market outlook is bleak, as price hikes were difficult and more plants were idled. (9 May)


Average Price	Weekly	Monthly
PX (USD)	1310.1	1308.4
PTA (CNY)	7863.3	7850.5
MEG (CNY)	8800	9179
FG PET (CNY)	10630	10970
PSF 1.4D (CNY)	11183.3	11425.3
CPL (CNY)	22100	23170
ACN (CNY)	16600	16220
ASF 1.5D (CNY)	18300	18296.9
VSF 1.5D (CNY)	18300	19372.5
Nylon Chip (CNY)	24000	24275


9May08, Fri
	FGPET Chip	10500	0
	BGPET Chip	11400	0
	PSF	10900	50
	Polyester POY	11500	0
	Polyester DTY	12850	50
	Polyester FDY	12850	30
	ASF	18450	0
	Acrylic Top	18800	0
	VFY	32500	0
	VSF	17900	100
	PTA	8000	50
	MEG	8700	0
	ACN	16700	0
	CPL	22050	0
	YG PP	13800	100
	Nylon Chip	24000	0
	Nylon DTY	30000	0
	Nylon FDY	27000	100
	Nylon POY	26000	0

	USD 100 = RMB 700.05		NOTE

09May	Daily Dispatch of Spandex Filament (9 May...
09May	Daily Dispatch of Polyester Staple (9 May...
09May	Daily Dispatch of Chinese Cotton Futures ...
09May	Daily Dispatch of BGPET Chips (9 May 08)
09May	Daily Dispatch of Textile City of China (...
09May	Daily Dispatch of PTA & MEG--MEG (9 May 0...
09May	Daily Dispatch of PET Chips (9 May 08)
09May	Comment on Polyester Industrial Filament ...
09May	Daily Dispatch of Viscose Fiber (9 May 08...
09May	Daily Dispatch of Polyester Filament (9 M...
09May	Daily Dispatch of Re-PSF and Feedstock (9...
09May	Daily Dispatch of PTA & MEG--PTA (9 MAY 0...
09May	Daily Dispatch of PTA Futures (9 May 08)
09May	Daily Dispatch of Yarn in Shengze and Jia...
09May	Daily Dispatch of Polypropylene Fiber (9 ...

09May	Lower PSF Offer from Huahong
08May	FCFC's VSF Offers
08May	Hangzhou Bay Acrylic Fiber Raises Acrylic...
07May	PTA Futures Open Interest Rank in CZCE (7...
07May	Lower PSF Offers from Huahong
06May	Lower PSF Offers from Sanfangxiang
06May	Lower PSF Offers from Yuandong
05May	Lower PSF Offers from Sinopec
05May	PTA/MEG Joint Quotations from Traders in ...
04May	CNPC Jilin Chemical Announces ACN Offers ...

28Apr	China's Import & Export Statistics on...
28Apr	China's Import & Export Statistics on...
28Apr	China's Import & Export Statistics on...
28Apr	China's Import & Export Statistics on...
28Apr	Production Situation of Chemical Fiber In...

09May	Express on Spot MEG Prices (15:10)
09May	Express on PFY Market in Changyi (14:45)
09May	Express on Viscose Co-producers Situation
09May	Express on Cotton Pulp Price
09May	Express on Spot PTA & MEG Prices in RMB (...
09May	Express on Re-PSF Feedstock in Guangdong
09May	Express on Acrylic Fiber Market
09May	Express on Chinese Acrylic Staple Market
09May	Express on Acrylonitrile Market
09May	Express on Yarn Market
09May	Express on Caprolactam Market in USD (11:...
09May	Express on Acrylic Fiber Market
09May	Express on Spot PTA Prices (11:00)
09May	Express on Spot MEG Prices (11:00)
09May	Spandex Morning News (9 May 08)

09May	Chinese Acrylonitrile Plant Operations (9...
09May	Nan Ya BDO Unit down for Two-week Turnaro...
08May	Dairen Chemical's BDO Unit down for T...
07May	Fushun Petrochemical Shut MEG Unit Today
06May	Chinese Acrylic Fiber Plant Operations (6...
05May	Daqing Refining & Chemical to Turn around...
05May	Shanghai Petrochemical Shuts MEG Unit Tod...
04May	Chinese Acrylic Fiber Plant Operations (5...
04May	Chinese Acrylonitrile Plant Operations (4...
30Apr	Sinopec's Operations of Acrylic Fiber...

08May	PFY: Hard to Improve given Weak Textile M...
04May	Caprolactam: Hard to Get Rid of Current S...
28Apr	Spandex: After Winter, There Will Be Spri...
21Apr	PSF: One Quarter "Foresees" One Year
03Apr	Caprolactam: To Range Bound or Continue t...