Newsletter summary
The benchmark price of polyester DTY rose to 9220 on April 29thMinipinball.56 yuan / tonMinipinball, up 0% from the beginning of the monthMinipinball.80%, with an annual average of 9153.90 yuan / ton.
Text of news flash
On April 29th, the benchmark price of polyester DTY rose to 9220.56 yuan per ton, up 0.8 per cent from the beginning of the month. [polyester DTY benchmark price recorded a moderate increase] on April 29th, the benchmark price of polyester DTY rose to 9220.56 yuan / ton, compared with 9147.22 yuan / ton at the beginning of the month, a moderate increase of 0.8%. Although the price of the day is lower than the previous trading dayMinipinball0.06%, but annual statistics show that the price is still at the median level. In the past year, the benchmark price of polyester DTY has experienced fluctuations, with the lowest value at 8819.44 yuan / ton and the highest value reaching 9663.89 yuan / ton. The median value is 9241.67 yuan / ton, indicating that the market expectation of polyester DTY price tends to be stable. The average price is 9153.90 yuan / ton, while the top and bottom differences are-443.33 yuan / ton and 401.12 yuan / ton, respectively. Traders can use the benchmark price of polyester DTY, combined with the agreed discount and pricing formula, to achieve spot trading and contract trading pricing. The application of this benchmark price helps to improve the transparency and efficiency of the transaction and reduce the transaction risk. As the price of polyester DTY continues to fluctuate, market participants need to pay close attention to changes in supply and demand, raw material costs and other factors that may affect the price. At the same time, investors should also pay attention to the price trend of polyester DTY in order to better grasp the market dynamics and investment opportunities. Overall, the moderate increase in the benchmark price of polyester DTY may have a positive impact on the related industry chain. However, the risk of price volatility still needs to be vigilant, especially in the context of the current market uncertainty. Investors should be cautious and pay close attention to market developments in order to make wise investment decisions.