China Nylon Filament Yarn Market Daily (06 Apr 2011)

CCF Price
Semi-dull POY86Dtex/24F:　34,800yuan/mt　 +0
Semi-dull DTY70D/24F:　　　38,000yuan/mt　 +0
Semi-dull FDY70D/24F:　　　36,500yuan/mt　 +0

Market Review
Yesterday, China Central Bank adjusted up benchmark borrowing and lending rate again, reflecting the short lived policy majorly aiming at tighten up capital liquidity. Affected by this, CPL spot market today was pretty light and nylon filament yarn market continued its bearish mood.

In POY market, high-grade 86Dtex/12F was traded steadily at around 35500yuan/mt, and medium-grade mainstream prices were at 34500-35000yuan/mt.

In FDY market, Semi-dull 70D/24F for jet spinning was firmly traded at 36500yuan/mt, and inventory slightly lift up as previous orders were almost all delivered. Semi-dull 70D/24F for warp weaving was traded at 37000yuan/mt or slightly higher.

As to DTY market, high-grade semi-dull 70D/24F was traded at 39000yuan/mt or slightly higher.

Plant operation
Plant operation rate kept at around 93.5%. Plant inventory lifted up slightly to 8.5days.

($1=CNY6.55)