China Polyester Filament Yarn Market Daily(5 May 2011)

CCF Price
POY75/72F　　　16100-16600
POY150D/48F　　14200-14400
FDY68D/24F　　 15600-16000
FDY150D/96F　　14050-14400
DTY75D/72F　　 19100-19800
DTY150D/48F　　15900-16100

Zhejiang
PFY offers saw small drops today and trading prices mainly kept stable. However, POY75/36 enjoyed hot sales recently and ticked up by 100yuan/mt despite an overall downtrend. One Xiaoshan plant cut FDY down 100, 120 and 150D offered at 14650 and 14300yuan/mt on three months credit. Another plant cut higher DTY down 100-300yuan/mt and FDY down 100-200yuan/mt. Finer FDY ticked down by 100-200, 61, 75/72 and 150D at 15400-15800, 15700-16000 and 14200-14400yuan/mt.

Jiangsu
Jiangsu offers mainly held steady and market sentiment remained relatively weak. One Zhangjiagang plant lowered FDY down 100-500yuan/mt.

PFY sales ratio in Zhejiang and Jiangsu was at 80-100% with lower ones at 60-70%. PFY market is expected to keep shivering in weakness in the short run.

Fujian
Fujian prices remained steady. DTY75/72 and 150/48 were pegged at 19300-19400 and 16600-16700yuan/mt. FDY50/24, 75/72 and 150/96 prevailed at 17000, 15700-15800 and 14600-14700yuan/mt. Sales ratio today was at 50-70%.

Downstream Operation
O/R basically kept stable while power ration continued in some regions. Run rates in Xiaoshan/Shaoxing circular knitting plants was at 60-70% and O/R in Shengze region at 80%. O/R of Haining/Wujiang weavers was at about 90%. O/R of Fujian looms was at 65% with Guangdong looms at 60%.

($1=CNY 6.50)