China Polyester Filament Yarn Market Daily (06 Apr 2011)

CCF Price
POY75/72F　　　16700-17000
POY150D/48F　　14400-14700
FDY68D/24F　　 16400-16600
FDY150D/96F　　14500-14800
DTY75D/72F　　 19600-20400
DTY150D/48F　　16100-16300

Zhejiang
Zhejiang offers dropped today, mainly POY and FDY down 50-300yuan/mt. Trading prices also ticked down moderately. Buyers replenished stocks after the short holiday and sales ratio was balanced.

Jiangsu
Some Jiangsu plants lowered offers during the holiday and offers presented stable today but discounts were still available. Plants mostly focused on selling goods.

PFY sales ratio in Zhejiang and Jiangsu was at 70-80% with higher ones at 100-150% and lower ones at 50-60%. PFY market will maintain weak in the short term.

Fujian
Fujian prices dropped by 100-200yuan/mt and discounts were also widely available. Major plants all reported favorable sales for recent days with sales ratio in major plants at 100-150%.

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 60-70% 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 50-60%.

($1=CNY 6.55)