August 2, 2011 –Support by the Cost, the Polyester Yarn Price Gets Stable and Uptrend in China

Influenced by the Formosa Affair, the PTA and MEG prices went strong yesterday. Moreover, the Asian PX price dramatically increased 60 dollars this morning. Therefore, some of the manufacturers increased their quotations with small ranges and the increment focuses on the FDY products.

The polyester yarn price is in stalemate in Jiangsu Market today. The prices are unchanged in Shengze. A local melt spinning manufacturer quoted the acceptance price of FDY 75D/144F for 16900 Yuan/ton and semi-dull FDY 55D/24F for 17400 Yuan/ton with acceptance. A local direct spinning manufacturer quoted the acceptance price of FDY 50D/24F for 17600 Yuan/ton and the acceptance price of DTY 75D/144F for 19900 Yuan/ton. The third manufacturer quoted light FDY 40D/24F for 16600 Yuan/ton. The polyester yarn price keeps 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 the inquiring atmosphere was as usual in the early market.

The polyester yarn price slightly increased in Zhejiang Market. One of the local manufacturers in Xiao Shan generally increased the FDY products by 100 Yuan/ton and quoted FDY 66D/24F for 16000 Yuan/ton. Another POY manufacturer also increased some of their FDY products by 100 Yuan/ton and now they quoted POY 150D/144F for 15160 Yuan/ton. The products’ prices keep in deadlock in Tong Xiang; now one of the local manufacturers there quoted DTY 150D/144F for 17250 Yuan/ton and POY 75D/144F for 16500 Yuan/ton. Manufacturers reported that yesterday’s production-marketing was around 80% and the inquiring atmosphere is ordinary in the early market.

Although the upstream feedstocks prices went strong, the downstream needs is hard to promote temporarily. Therefore, the polyester yarn price is expected to be steady in a short term.