July 20, 2011-The Polyester Yarn Price Steadily Increases

The polyester yarn price is mainly steady in Jiangsu Market. A local direct spinning manufacturer in Shengze increased some of FDY products by 100 Yuan/ton. Now they quoted FDY 50D/24F for 16800 Yuan/ton and POY 150D/144F for 15700 Yuan/ton. Another melt spinning manufacturer also increased some of the semi-dull FDY products by 100 Yuan/ton. Now they quoted semi-dull FDY 55D/24F for 16300 Yuan/ton by acceptance, DTY 75D/144F for 19800 Yuan/ton by acceptance and light FDY 50D/36F for 16200 Yuan/ton. Another manufacturer stabilized the quotations and quoted light FDY 40D/24F for 16000 Yuan/ton by cash and semi-dull FDY 50D/48F for 16100 Yuan/ton by cash. The polyester yarn price is also stable in Taicang. A local leading manufacturer quoted FDY 50D/24F for 15800 Yuan/ton and POY 150D/144F for 15100 Yuan/ton by cash remittance. Manufacturers reported that the inquiring atmosphere in the early market was normal.

The polyester yarn price is adjusting in Zhejiang Market. A leading manufacturer in Xiao Shan increased some of DTY products by 100 Yuan/ton. Now they quoted DTY 75D/72F micro-web for 18800 Yuan/ton and DTY 150D/48F low-stretch for 16100 Yuan/ton and FDY 61D/24F for 15400 Yuan/ton. Another manufacturer stabilized the quotations and quoted DTY 300D/96F for 15100 Yuan/ton. The other POY manufacturer also stabilized the quotations and quoted POY 150D/144F for 14960 Yuan/ton. The polyester yarn price is stable in Shao Xing market. One of the local leading manufacturers quoted FDY 50D/48F for 16200 Yuan/ton and FDY 50D/36F for 16000 Yuan/ton. The polyester yarn price is adjusting in Tong Xiang. Local leading manufacturers unchanged the quotations. Now one of them quoted DTY 150D/144F for 17000 Yuan/ton and the other quoted POY 75D/72F for 16000 Yuan/ton. Manufacturers reported that the production-marketing fell back to 90% yesterday.

As both of the international crude oil and PTA futures are decreasing in prices and the purchasing activities of the downstream weaving manufacturers is weakening, while the electricity limit measures do not influence much upon the operation, the feedstock demand will be at a high level in a short term and the polyester yarn price is predicted to be stable and uptrend.