China Polyester Filament Yarn Market Daily(28 Feb 2011)

CCF Price
POY75/72F　　　16900-17300
POY150D/48F　　14600-15000
FDY68D/24F　　 17300-17600
FDY150D/96F　　14700-15000
DTY75D/72F　　 19600-20500
DTY150D/48F　　16000-16400

Zhejiang
PFY offers on Zhejiang market held stable but sales warmed up moderately. But market sentiment showed divergences. Plants, based on own condition, tended to push prices up or gave discounts. Downstream demand recovery status is worth extra concerns.

Jiangsu
With raw materials rebounding, Jiangsu market stabilized today with unchanged offers. Some plants provided discounts for bad-sale varieties. Downstream plants showed a wait-and-see mood and purchased on a need-to basis.

PFY sales ratio in Zhejiang and Jiangsu recovered a bit to 70-90% with lower ones at 40-50%. Some POY plants and those who provided big discounts gained a better sales ratio of about 100-150%. PFY market may continue correction in the short term.

Fujian
Fujian prices kept stable in general but a 100yuan/mt discount was available in some high-inventory plants. Major plants offered POY, FDY and DTY150D at 15000, 15300-15500 and 16800-16900yuan/mt prevailingly. Sales ratio lingered around 100-150%.

Downstream Operation
Downstream plants resumed production. Currently and downstream operating rates basically returned to a normal level. Run rates in Xiaoshan/Shaoxing circular knitting plants rebounded to 40-50% and O/R in Shengze region increased to 70% with O/R of Haining/Wujiang weavers at about 85%. O/R of Fujian looms was at 60% with Guangdong looms at 50-60%.

($1=CNY 6.58)