Polyester Filament Yarn Market Morning Express (Sep 6, 2010)

PFY market is basically stable in Jiangsu/Zhejiang on Monday. Some plants reduce FDY prices by 100-300yuan/mt, most regarding fine denier types. Sales of coarse denier FDY are good. POY market is also stable, with some adjusted up by 100yuan/mt in Tongxiang. DTY market stabilizes and transactions are fine.

In Xiaoshan and Shaoxing, POY prices are mostly stable with some hiked by 50-100yuan/mt. 150D/48F and 150D/144F are offered at 10300-10800yuan/mt and 10600-11100yuan/mt. FDY prices mostly maintain stable. Some fine denier FDY prices decrease by 100-200yuan/mt. A plant lowers FDY offer by 100-200yuan/mt, offering 100D/48F, 120D and 150D at 12700-13000, 11400-11900 and 11200-11400yuan/mt respectively. DTY prices are also stable, with 150D and 300D offered at 12600yuan/mt and 11900yuan/mt respectively.

In Shengze, PFY consolidates with a weak tone. A large PSF plant raises DTY offer by 100yuan/mt. Market sentiment is moderate. Sales ratio was 50-70% on Sunday. A FDY plant reduces high levels by 200-300yuan/mt. 68/24, 75/36 and 75/72 are offered at 15600yuan/mt, 15200yuan/mt and 15300yuan/mt delivered. In Taicang, major plants keep offers stable. Sales ratio was 30-50% during last weekend. In Tongxiang, major plants raise POY offers by 100yuan/mt.

In Fujian, offers are stable. FDY75/36 is offered at 15000-15300yuan/mt and DTY150/96 offered at 12700-12800yuan/mt. In Wuxi, some types of bright and semi-dull FDY are adjusted down by 200-300yuan/mt. Semi-dull 68/24 is offered at 14700yuan/mt and bright 68/36 at 13700yuan/mt.

$1=CNY6.78