Cover Weakened, the Polyester Yarn Price Is Mainly Steady

The polyester yarn price is mainly steady in Jiangsu Market. A local direct spinning manufacturer in Shengze increased some of FDY products by 100 Yuan/ton and the POY and DTY products keep unchanged. Now they quoted FDY 50D/24F for 16500 Yuan/ton by acceptance and DTY 75D/72F for 19600 Yuan/ton by acceptance. Another melt spinning manufacturer stabilized the quotations and quoted FDY 50D/72F for 17800 Yuan/ton and DTY 75D/144F for 19800 Yuan/ton. The polyester yarn price is also stable in Taicang Market. A local leading manufacturer quoted FDY 50D/24F for 15800 Yuan/ton by cash and POY 150D/144F for 15100 Yuan/ton by cash remittance.

The polyester yarn price is steady in Zhejiang Market. Local manufacturers in Xiao Shan all keep the previous quotations. Now one of them quoted FDY 61D/24F for 15400 Yuan/ton and DTY 150D/48F low-stretch for 16100 Yuan/ton. Another POY manufacturer quoted POY 150D/144F for 14960 Yuan/ton. A local mainstream producer in Shao Xing unchanged the quotations and quoted FDY 50D/24F for 15800 Yuan/ton and FDY 50D/36F for 16000 Yuan/ton. The polyester yarn price keeps steady in Tong Xiang. A leading manufacturer quoted DTY 150D/144F light-web for 17000 Yuan/ton and POY 150D/144F for 15150 Yuan/ton. Manufacturers reported that the present storage is low.

Although the upstream feedstock price began to go strong, after the centralized purchasing last week, the downstream cover is basically finished and the purchasing power weakened. At present, the polyester manufacturers’margins are good and they will focus on the shipment today. Therefore, the polyester yarn price is predicted as stable in a short term.