The polyester price is mainly steady in Jiangsu Market, China. The local manufacturers stabilized the polyester yarn prices. Now a direct spinning manufacturer quoted FDY 50D/48F for 15,900 Yuan/ton (6-month acceptance) and DTY 75D/72F for 18,800 Yuan/ton. Another melt spinning manufacturer quoted DTY 150D/144F light-web for 16,400 Yuan/ton with acceptance. The other leading manufacturer quoted light FDY 40D/24F for 15,700 Yuan/ton and semi-dull FDY 75D/36F for 13,800 Yuan/ton. The polyester price is consolidating in Taicang, China. Local manufacturers unchanged the quotations. Now a local manufacturer quoted FDY 50D/24F for 15,300 Yuan/ton by cash remittance and POY 150D/144F for 14,000 Yuan/ton. Manufacturers reported that the production-marketing was around 70-80% yesterday.
The polyester price is stable in Zhejiang Market, China. The leading manufacturers in Xiao Shan, China all keep the quotations unchanged; now one of them quoted FDY 66D/24F for 14,100 Yuan/ton and low-stretch DTY 75D/36F for 18,100 Yuan/ton. Now a POY manufacturer quoted POY 150D/48F for 13,700 Yuan/ton. The polyester price is also steady in Shao Xing Market, China. A local manufacturer quoted FDY 50D/48F for 15,000 Yuan/ton and another one quoted FDY 50D/24F for 14,800 Yuan/ton. The polyester price is in stalemate in Tong Xiang Market, China. A leading manufacturer quoted DTY 75D/36F micro-web for 18,850 Yuan/ton and POY 150D/144F for 13,950 Yuan/ton. Manufacturer reported that the production-marketing was around 105% yesterday.
The international oil price dropped greatly yesterday. The straddle attitude began to rise again in the downstream market. The preferential measures also started to show up on market. Therefore, it is predicted that the polyester price will still go weak at a short term.
