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The polyester yarn price is mainly stable in Shengze, China today. Local manufacturers’ quotations keep unchanged. Now A local direct spinning manufacturer quoted FDY 50D/24F for 19, 200 Yuan/ton (6 Months Acceptance) and DTY 75D/144F 21,300 Yuan/ton. Another local melt spinning manufacturer quoted low-stretch DTY 150D/48F for 17,800 Yuan/ton. And the other manufacturer quoted spot exchange of FDY 50D/48F for 18, 800 Yuan/ton and light FDY 40D/24F 19,500 Yuan/ton. Manufacturers reported that yesterday’s sales were good and the production-marketing was among 100%-150%. The polyester yarn price keeps steady in Taicang, China. Now one of the local manufacturers quoted FDY 50D/24F for 19, 000 Yuan/ton (Spot Exchange) and POY 75D/72F is quoted 17, 350 Yuan/ton (Spot Exchange). Manufacturers said the sales fell back a little and they mainly sold great amount of the goods; their intention of rise the price was low.
The overall polyester yarn prices are mainly steady in Xiao Shan Market, China. The local mainstream manufacturers’ quotation keeps unchanged. Now they quoted FDY 68D/24F for 17,900 Yuan/ton. Another POY manufacturer quoted POY 75D/144F 17,560 Yuan/ton and POY 75D/72F 16,710Yuan/ton.
The polyester price continues to go up in Tong Xiang Market. A local mainstream manufacturer reported a 100-Yuan/ton common increase. Now they quoted POY 150D/144F for 15,400 Yuan/ton and low-stretch DTY 150D/48F 16,500 Yuan/ton. The manufacturer said yesterday’s production-marketing was among 150%-200% and the early inquiry was enthusiastic.
Yesterday, the international crude oil price continues to rise. Ended by the close, the futures price of light crude oil delivered in April increased 2.68 dollars and closed at 98.10 dollars/drum; the increasing rate was 2.81%. In the London Market, the futures price of the North Sea Brent oil delivered in April increased 5.47 dollars and closed at 111.25 dollars/drum. While the main force of PTA futures, contract 1105 ended at 11,632 Yuan/ton by the close, which dramatically dropped 242 Yuan/ton compared with last trading day. PTA’s mainstream negotiated price for sell slightly increased to 11,650 Yuan/ton; the negotiated price for buy of Taiwan goods increased to 1,485 dollars/ton; and the offering of Korean goods increased to 1,470 dollars/ton. MEG’s negotiated price for sell stays at 9,850 Yuan/ton and the price for buy was around 1,250-1,255 dollars/ton. The semi-dull chips price increased to 14,000 Yuan/ton (cash acceptance). It is clear that the overall tendency of the polyester is uptrend, but the recent downstream purchasing is passive and the polyester manufacturers are very careful. Therefore, I think the manufacturers will mainly sell great amount of goods rather than pulling up the price.
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