China Polyester Filament Yarn Market Daily(24 Nov 2010)

Generally PFY offers maintained stable. Some plants revised offers down 100-200yuan/mt and downstream textile plants remained a wait-and-see mood and purchased moderately.

In Xiaoshan and Shaoxing, POY150D, 200D and 300D were mainly offered at 13500-14100, 13300-13700 and 13200-13600yuan/mt. One plant offered DTY75/72, 100/48, 150/48 and 200/96 at 19400, 17500, 16000 and 15200yuan/mt. Some FDY varieties headed down by 100-200, 75/72, 100/72 and 150D at 17000-18500, 15500 and 13700-14100yuan/mt. One POY plant in Xiaoshan cut offers by 500, 75/36, 150/48 and 300/96 at 14850, 13000 and 12700yuan/mt respectively. One Shaoxing plant revised FDY down 100, POY and DTY down 200, POY, DTY and FDY150D at 13800, 15700 and 13800yuan/mt.

Tongxiang and Taicang plants released stable offers. One Shengze direct spinner revised relatively higher FDY offers down moderately. One Wuxi plant released stable offers as well but provided discounts for trades. Another Wuxi plant revised some bright FDY varieties down 200, 75/36 at 16800yuan/mt.

PFY sales ratio today lingered at 40-60% and downstream plants purchased feedstock on trial basis. Some plants who provided lower offers gained a sales ratio of 100-150% with some higher at 200% or even above.

($1=CNY 6.66)