China Polyester Filament Yarn Market Daily (21 Mar 2011)

CCF Price
POY75/72F　　　17000-17500
POY150D/48F　　14700-15000
FDY68D/24F　　 16900-17300
FDY150D/96F　　14600-15000
DTY75D/72F　　 19600-20600
DTY150D/48F　　16200-16400

Zhejiang
Zhejiang plants mainly provided stable offers and some offered discounts but trading sentiment remained a bit flat. In Xiaoshan and Shaoxing, POY, DTY and FDY150D were prevailingly offered at 14700-15000, 16100-16400 and 14600-14900yuan/mt.

Jiangsu
Jiangsu market portrayed a stable stance. Despite moderate discounts, downstream plants kept a wait-and-see attitude and sales presented tolerable. Major plants reported a sales ratio of 60-80% with some higher.

PFY sales ratio in Zhejiang and Jiangsu remained relatively low at 60-80% with higher ones at about 100% and lower ones at 40-50%. PFY market may keep shivering with a relatively weak look in the short term.

Fujian
Fujian market presented flat. Discounts were still widely available while sales remained unfavorable. Facing inventory pressure but supported by raw materials, PFY market will keep the correction.

Downstream Operation
Downstream operating rates returned to a normal level. Run rates in Xiaoshan/Shaoxing circular knitting plants was at 70% and O/R in Shengze region at 70-80%. O/R of Haining/Wujiang weavers was at about 90%. O/R of Fujian looms was at 65% with Guangdong looms at 70-80%.

($1=CNY 6.56)