China Polyester Filament Yarn Market Daily (24 Mar 2011)

CCF Price
POY75/72F　　　17000-17300
POY150D/48F　　14600-14900
FDY68D/24F　　 16800-17300
FDY150D/96F　　14500-14900
DTY75D/72F　　 19600-20600
DTY150D/48F　　16200-16400

Zhejiang
Some Zhejiang plants revised FDY offers down 100-200yuan/mt today and most plants provided different-scale discounts. Trading sentiment presented moderate and some downstream regions were imposed by power ration. Buyers mainly purchased PFY in small amount with a cautious mood.

Jiangsu
Jiangsu market mainly kept stable while some plants cut FDY down 200yuan/mt. Discounts were widely available, especially for bad-sale or high-inventory goods. But sales were just tolerable.

PFY sales ratio in Zhejiang and Jiangsu was at 70-80% with higher ones at about 100% and lower ones at 50-60%. High settlement prices of polyester raw materials provided strong supports to PFY market.

Fujian
Fujian market maintained generally stable as well. Sales ratio in major plants was at 50-70% and inventory remained high at 15-20 days. Struggled between inventory pressure and high costs support, PFY market may continue the correction in the short term.

Downstream Operation
Power ration announced successively and thickened the wait-and-see mood on market. 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%.

($1=CNY 6.56)