August 4, 2011 –Upstream Market Weakened; the Polyester Yarn Price Is Consolidating in China

The polyester yarn price is mainly steady in Jiangsu Market today. One of the manufacturers in Shengze increased semi-dull FDY products by 100-200 Yuan/ton. Now they quoted FDY 50D/48F for 16800 Yuan/ton by cash and light FDY 40D/24F for 16600 Yuan/ton. A local direct spinning manufacturer stabilized the quotations and quoted the acceptance price of DTY 75D/144F for 19900 Yuan/ton and the acceptance price of DTY 150D/144F for 17800 Yuan/ton. A local melt spinning manufacturer keep the prices unchanged and quoted the acceptance price of FDY 75D/144F for 16900 Yuan/ton and semi-dull FDY 55D/24F for 17400 Yuan/ton with acceptance. Manufacturers reported the inquiring atmosphere was good and the trades were as usual. 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 trades were as usual in the early market and yesterday’s production-marketing was around 80%.

The polyester yarn price is mainly steady in Zhejiang Market. One of the local manufacturers in Xiao Shan quoted DTY 150D/48F low-stretch for 16300 Yuan/ton and FDY 50D/24F for 16800 Yuan/ton. One of the leading manufactures in Shao Xing quoted FDY 150D/96F for 14260 Yuan/ton by cash and FDY 50D/36F for 16900 Yuan/ton by cash. Manufacturers reported that the early inquiries were normal and the straddle attitude in the downstream market rose. The products’ prices are 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 over 100%; comparatively speaking, the storage of DTY products is high and POY products had barely any storage.