July 27, 2011-The Polyester Yarn Price Keeps Stable in China

The polyester yarn price keeps stable in Jiangsu Market. Local manufacturers in Shengze stabilized the quotations. A local direct spinning manufacturer quoted the acceptance price of FDY 50D/24F for 17400 Yuan/ton and the acceptance price of DTY 75D/144F for 19900 Yuan/ton. A local melt spinning manufacturer quoted light FDY 50D/36F for 17500 Yuan/ton with acceptance and semi-dull FDY 55D/24F for 17400 Yuan/ton with acceptance. The third manufacturer quoted light FDY 40D/24F for 16600 Yuan/ton and semi-dull FDY 50D/48F for 17000 Yuan/ton. Manufacturers reported that the straddle attitude strengthened in the downstream market and the inquiring atmosphere in the early market was as usual. The polyester yarn price also goes steady in Taicang. Now one of the local manufacturers quoted FDY 50D/24F for 16900 Yuan/ton by cash and POY 150D/144F for 15300 Yuan/ton by cash remittance. Manufacturers reported that influenced by the high temperature, yesterday’s production-marketing fell back obviously and was around 80%.

The polyester yarn price is also unchanged in Zhejiang Market. Local manufacturers in Xiao-Shao Market stabilized the quotations. Now one of them quoted FDY 50D/24F for 16500 Yuan/ton. Another POY manufacturer quoted POY 150D/144F for 15160 Yuan/ton. One of the local leading manufacturers in Shao Xing quoted FDY 50D/48F for 16500 Yuan/ton by cash. Manufacturers reported that the inquiring atmosphere became weaker than previous days. The polyester yarn price keeps steady in Tong Xiang. A local leading manufacturer quoted DTY 150D/48F for 16100 Yuan/ton, DTY 150D/144F for 17250 Yuan/ton and POY 75D/144F for 16500 Yuan/ton. Because of the high temperature, large factories in Tong Xiang began to execute C plan of Electricity Limit Policy, the outage rate is around 60-80%.

Most of the manufacturers reported that the inquiring atmosphere weakened today and the straddle attitude of the downstream weaving manufacturers strengthened.