July 19, 2011-No Stock Pressure, the Polyester Yarn Price Keeps Stable and Increases

The polyester yarn price is stable in Jiangsu Market. The local direct spinning manufacturer in Shengze keeps the prices of FDY and POY products unchanged. Now they quoted FDY 50D/24F for 16500 Yuan/ton by acceptance and POY 75D/72F for 16400 Yuan/ton by acceptance. Another leading melt spinning manufacturer increased light FDY products by 100 Yuan/ton. Now they quoted light FDY 50D/36F for 16200 Yuan/ton by cash, semi-dull FDY 50D/72F for 17800 Yuan/ton by acceptance and DTY 75D/144F for 19800 Yuan/ton by acceptance. The other manufacturer quoted light FDY 40D/24F for 16000 Yuan/ton by cash and semi-dull FDY 50D/48F for 16100 Yuan/ton. The polyester yarn price keeps steady in Taicang. One of the local manufacturer quoted FDY 50D/24F for 15800 Yuan/ton by cash and POY 150D/144F for 15100 Yuan/ton by cash remittance. Manufacturers said the inquiring atmosphere in the early market was as usual.

The polyester yarn price tends to by stable in Zhejiang Market today. Manufacturers in Xiao Shan stabilized the 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. The other manufacturer quoted DTY 300D/96F for 15100 Yuan/ton. The polyester yarn price also goes steady in Shao Xing. A local manufacturer quoted FDY 50D/24F for 15800 Yuan/ton and FDY 50D/36F for 16000 Yuan/ton. The polyester yarn price is uptrend in Tong Xiang. A local manufacturer increased FDY products by 100 Yuan/ton generally and the rough-denier including 100D-300D series up 200-300 Yuan/ton, but the DTY and POY products keep unchanged. Now they quoted DTY 150D/144F light-web for 17000 Yuan/ton and POY 75D/72F for 16000 Yuan/ton.

The international oil price fell back yesterday and PTA futures also went down. After the purchasing peak previously, the feedstock storage of downstream weaving manufacturers is sufficient. Therefore, it is predicted that the afterward polyester yarn market will mainly be steady.