China Polyester Filament Yarn Market Daily(8 Dec 2010)

CCF Price
POY75/72F　　　14200-14800
POY150D/48F　　12500-12700
FDY68D/24F　　 16800-17300
FDY150D/96F　　12600-13000
DTY75D/72F　　 17200-17800
DTY150D/48F　　14200-14600

Zhejiang
Xiaoshan/Shaoxing plants continued stable offers today but market sentiment softened further. Some varieties ticked down moderately and PFY plants were more active to sell goods thus a few plants offered discounts for deals. Today's sales ratio slipped to 60-80% with big plants at 100-150% and lower ones at 40-50%. Downstream plants still presented thick wait-and-see mood.

Jiangsu
Jiangsu market portrayed a stable stance while discounts became available. Average sales ratio was at 50-80% with a few big plants at about 90%.

Affected by weak macro environment and lack of downstream demand, the average sales ratio in Zhejiang and Jiangsu dropped to 60-80% with higher ones at 100% and lower ones at 40-50%. PFY prices may keep shivering with a slightly weak look in the short term.

Fujian
Fujian market sentiment softened as well and O/R in downstream circular knitting plants kept at around 30%. After several days of stocking up, downstream market returned a bit quiet. The average sales ratio lingered at 60-70%. The mainstream prices of POY, FDY and DTY150D fixed at 12900-13000, 13000-13100 and 14700yuan/mt. PFY prices may dip further in the short term.

Downstream Operation
O/R in Shengze region lingered at 80% while run rates in Xiaoshan/Shaoxing region at 30% and Fujian region kept at 30-40%.

($1=CNY 6.66)