China Nylon Filament Yarn Market Daily (25 Apr 2011)

CCF Price
Semi-dull POY86Dtex/24F:　34,500yuan/mt　 +0
Semi-dull DTY70D/24F:　　　37,600yuan/mt　 -200
Semi-dull FDY70D/24F:　　　35,600yuan/mt　 -300

Market Review
NFY market presented weak with prices dipping still in the weekends and today. FDY, in particular, dropped more widely due to increasing inventory.

Currently, high-grade POY86Dtex/12F was offered at 3550yuan/mt, traded at 35000-35500yuan/mt, with more trading levels concentrating at the lower stage.

In FDY market, prices continued to go down, and semi-dull 70D/24F was offered at 36000yuan/mt, traded at around 35500yuan/mt or slightly higher. Sales-production rate was low at 20-40%, and market projection was quite pessimistic.

As to DTY market, high-grade semi-dull 70D/24F was traded at 38000-39000yuan/mt, traded at 38500yuan/mt, with few at the higher stage of the range.

Plant operation
Plant operation rate lowered to around 91.7%, and plant inventory lifted up to 15days.

($1=CNY6.52)