Weekly Report: PFY (14th Nov~18th Nov)

This week, poly yarn price rebound. Early of the week, for the influence of a hot sale of POY, some POY plant tempt to increase the price, while the other plants keep the price unchanged, with just abolish the previous preference. Soon after that, the downstream temporary shortage covering is begun. Some plants try to sell up the stock by the chance and the production and consumption rate of poly yarn plants is mostly rebounded. But when it comes into the second half of the week, for the demand lowering down, and feedstock plants are mostly run on quantity, meanwhile, some polyester plants began load shedding, making poly yarn price stabilized.

FDY price was slightly up regulated this week. Last weekend, in order to boost the sale, some FDY plants down regulated the price. But in this week, for a good sale of POY products, FDY sale also rebounded. With the continuous good sale, major plants up regulated the price slightly. But in the second half of the week, the marketing is weakened, with yarn offers are mostly stabilized. This week, major FDY manufacturers have up regulated the price by a hundred China Yuan. At this week, major manufacturers offer FDY50D/24F six-month acceptance at 13900CNY/t.