China Polyester Filament Market Daily(17 Jan 2011)
CCF Price
POY75/72F 15700-16400
POY150D/48F 13700-14000
FDY68D/24F 16600-16800
FDY150D/96F 13600-14000
DTY75D/72F 18500-19500
DTY150D/48F 14900-15400
Zhejiang
Zhejiang prices basically kept stable while a few plants revised some lower offers up. Besides, some hot-sale or tight-inventory products gained small increases as well. But sales ratio remained low though POY achieved a flat percentage with FDY and DTY at 40-50%. Downstream purchasing activity softened under rising prices.
Jiangsu
Jiangsu prices held stable as well despite small increases. One Shengze direct spinner revised offers up 100-200yuan/mt. Market sentiment presented tolerable with lowering sales ratio. Downstream plants showed wait-and-see attitude.
PFY sales ratio in Zhejiang and Jiangsu was at 40-60% with higher ones at 70-80% but lower ones at 30%. Downstream plants started to wait and see based on certain stocks.
Fujian
Fujian prices ruled a stable stance. DTY75/72 prevailed at 20300-20400yuan/mt with lower offers at 19800yuan/mt. DTY150/48 were pegged at 15600yuan/mt with higher ones at 16300yuan/mt. PFY sales shrank with sales ratio mainly at 50-70%. PFY prices may shiver within a small range in the short term.
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 6.59)