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The polyester yarn price tended to be steady in Shengze, China today. The local mainstream manufacturers’ quotation keeps unchanged. And one of the local direct spinning manufacturer offers 21600CNY/t for DTY75D/72F (Acceptance in 6 months), 18100CNY/t for POY75D/72F (Acceptance in 6months). Another big melt spinning manufacturer quotes DTY150D/48F 18000CNY/t, FDY50D/48F 20000CNY/t. Polyester fiber price in Taicang market keeps unchanged. Now one of the local big material manufacturers quotes POY75D/72F 17750CNY/t (Acceptance in 3 months), FDY50D/24F 19100CNY/t(spot exchange). Manufacturers reflect that the morning quotation inquiry atmosphere is slack. In Zhang Jiagang market, the price of polyester filament increases a little, and one of the local big manufacturers offer 19100CNY/t for FDY40D/24F (spot exchange). Manufacturers showed no concern of stock.
Today, polyester price in Zhe Jiang market also keeps steady. Such as quotation in Xiaoshan market stand still. A local big manufacturer quotes 17900CNY/t for FDY66D/24F, 16500CNY/t for DTY150D/48F. A local POY manufacturer quotes 17760CNY/t for POY75D/144F. Another POY manufacturer quotes 17300CNY/t for POY75D/72F, 15900CNY/t for POY100F/48F. Although the quotation keeps unchanged, some enterprises enjoy privilege and also big quantity, big add-on. Tongxiang market also keeps the quotation unchanged, and a local big manufacturer offers 15600CNY/t for POY150D/144F and 16800CNY/t for DTY150D/48F.
The international oil price dropped slightly yesterday. The closing price of light crude oil to be delivered in April in New York commodity exchange is $104.38, which dropped 64cents. But the closing price of light crude oil to be delivered in April in the London market is $115.94, which increase dramatically by 2.55%. Price of crude oil between London market and New York market enlarged $11.56 again. On PTA prompt goods market, interior quotation of Eastern China market slides 200CNY/t to 11550CNY/t. Exterior quotation of Tai Wan lightly slides to $1510-1515/t; Korea markets quote $1495-1500/t. In Zhejiang market, quote for semi-dull, bright polyester chips, spot exchange price slide to 13650CNY/t and 13550CNY/t respectively. Taking the environmental protection program and power brownouts around Shengze Town into account, and under this situation, many upstream polyester manufacturers stop to overhauling. So, from my point of view, the polyester price will keeps steady for a while.
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