Polyester Filament Yarn Market Morning Express (Nov 11, 2010)

After the previous sharp increases, PFY market begins to cool down and look for a reasonable price level. Attention should be paid to feedstock market and downstream purchasing interest. As to macro economy, the rise in deposit reserve ratio and G20 summit may exert some influence on market situation.

In Xiaoshan, FDY 50/24、75/36、150D are offered at 22500-24000、19500-21700、16800-18000yuan/mt. Coarse FDY, POY and FDY keep steady. Plants keep offers stable. A plant offers POY\FDY\DTY150D at 17500、17200、19400yuan/mt while another plant offers POY75/72, 150/144 at 19850、18350yuan/mt, FDY75/36 at 21500yuan/mt.

In Tongxiang, major plants keep offers steady. A major plant offers POY75/72、150/144、150/288 at 18950、17350、17500yuan/mt.

In Taicang, POY prices slip slightly. POY 75/144、100/144、150/144 are offered at 19650、18200、17750yuan/mt.

In Wuxi, FDY keeps stable. For FDY 75/36, semi-dull and bright are offered at 22200-23000、22000yuan/mt.

$1=CNY6.62