China Polyester Filament Yarn Market Daily(14 Dec 2010)
CCF Price
POY75/72F 14000-14500
POY150D/48F 12000-12500
FDY68D/24F 16000-16500
FDY150D/96F 12500-12800
DTY75D/72F 17200-17800
DTY150D/48F 14100-14500
Zhejiang
Though PTA futures gained good performance recently, PFY market remained flat. The majority of PFY producers released stable offer today while a few plants cut offers down 100-300yuan/mt under bad sales. In Xiaoshan and Shaoxing, the mainstream prices of POY, DTY and FDY150D were at 12000-12500, 14200-14500 and 12500-12800yuan/mt respectively. One Shaoxing plant cut some semi-dull FDY varieties down 100-300, 61/24, 75/72 and 100/48 at 16950, 15900 and 14100yuan/mt.
Jiangsu
Jiangsu market presented a stable stance. Though some plants continued to offers discounts, trading volume was still quite limited. Downstream plants adopted a hand-to-mouth policy with a cautious attitude. Tongxiang, Taicang and Shengze plants provide stable PFY offers but downstream buyers maintain a cautious attitude.
The average sales ratio in Zhejiang and Jiangsu lingered at 60-80% with higher ones at 100% and lower ones at 40-50%. PFY market is expected to keep consolidating in the short term.
Fujian
Fujian plants widely provided steady offers today but discounts were still available. Despite strong polyester raw materials, PFY sales remained sluggish. The mainstream sales ratio lingered at 50-70% today. Facing pressure from costs and sales, PFY market entered a dilemma and may keep weak in the short run.
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 6.65)