July 5, 2011-The Polyester Yarn Price Is Slightly Adjusting in China

The polyester yarn price is mainly steady in Jiangsu Market. One of the leading manufacturers in Shengze increased the FDY products by 100 Yuan/ton. Now the local direct spinning manufacturer quoted FDY 50D/24F for 15,900 Yuan/ton (6-month Acceptance), FDY 50D/48F for 16,600 Yuan/ton (6-month Acceptance) and DTY 150D/144F for 17,000 Yuan/ton (6-month Acceptance). Another melt spinning manufacturer quoted FDY 50D/72F for 17,400 Yuan/ton. The other manufacturer quoted light FDY 40D/24F for 16,000 Yuan/ton by cash. A local leading manufacturer in Taicang decreased POY products by 100-150 Yuan/ton. Now they quoted POY 75D/36F for 15,100 Yuan/ton, POY 150D/144F for 14,700 Yuan/ton and FDY 50D/24F for 15,400 Yuan/ton by cash. Manufacturers reported that the early inquiries were good.

The polyester yarn price is steadily increasing in Zhejiang Market. Local manufacturers in Xiao Shan market unchanged the quotations; now one of them quoted FDY 61D/24F for 15,000 Yuan/ton and DTY 75D/72F micro-web for 18,600 Yuan/ton. Another POY manufacturer quoted POY 75D/36F for 14,800 Yuan/ton and POY 150D/144F for 14,500 Yuan/ton. A manufacturer in Shao Xing quoted FDY 50D/24F is quoted for 15,000 Yuan/ton. Many manufacturers have canceled the privileges in real transactions. The polyester yarn price keeps stable in Tong Xiang. Local manufacturers stabilized the quotations. One of the local manufacturers quoted DTY 150D/48F for 15,850 Yuan/ton by acceptance and POY 150D/144F for 14,850 Yuan/ton. Manufacturers said yesterday’s production-marketing was around 110%.

PTA futures increased significantly yesterday, which led the PTA spot prices also stopped decreasing and began to increase. Influenced by this, the production-marketing of the manufacturers also rebounded obviously. However, considered that it may only be the rigid demand of the downstream market, and with the coming of the electricity peak, the afterwards consuming situation is still uncertain. Therefore, today’s price is uptrend but steady, which shows the insiders’cautious attitude about the afternoon market. The rebounding space of the polyester yarn price is not big recently.