China Polyester Filament Yarn Market Daily(4 Jan 2011)

CCF Price
POY75/72F　　　15000-15500
POY150D/48F　　12800-13200
FDY68D/24F　　 15700-16300
FDY150D/96F　　13000-13200
DTY75D/72F　　 17500-18600
DTY150D/48F　　14000-14700

PFY prices kept ticking up during New Year holiday. On Jan 1, offers remained stable and discounts for bad-sale varieties were still available and market presented a bit quiet with small trading volume. On Jan 2, one Shengze spinner revised some FDY down but POY trading volume enlarged. On Jan 3, PFY offers widely moved up with enlarging sales. POY widely gained 100yuan/mt up in Jiangsu and some plants revised POY up 200yuan/mt further in the afternoon. Sales ratio kept high at 150-200% except Jan 1 with some higher at 200%. Inventory decreased by about 1-2 days.

Zhejiang
The majority of PFY plants continued pushing prices up. In Xiaoshan and Shaoxing, FDY gained 100-200, 75/36, 120D and 150D at 15100-15300, 13500-13700 and 13000-13200yuan/mt. The majority of POY varieties ticked up by 100 with some up 200, 75/36 and 150/48 at 14500-14900 and 13000-13100yuan/mt. Tongxiang plants revised POY, DTY, bright FDY and semi-dull FDY up 100, 100, 200 and 100yuan/mt, POY150D and 300D at 13100 and 12700yuan/mt.

Jiangsu
Jiangsu market kept an uptrend with favorable sales. PFY prices widely moved up by 100-300yuan/mt. Plants reported lighter inventory and downstream plants gradually prepared to stock up.

PFY sales ratio in Zhejiang and Jiangsu kept good at 100-150% with higher ones at 200% with several up to 300%. Supported by firm polyester raw materials and emerging end-user demand, PFY market may keep stepping up in the short term.

Fujian
PFY offers in Fujian also moved up by 100-200yuan/mt. POY, FDY and DTY150D were prevailingly offered at 13000, 13000-13300 and 14800-14900yuan/mt. Based upon brisk sales, some plants revised DTY up 200 further, DTY75/72 and 150/48 at 19400-19500 and 15100yuan/mt. Warming sales consumed PFY decreased on some extent, plush firm raw materials, PFY market may keep heading up.

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

($1=CNY 6.62)