August 5, 2011 –Support by the cost, the Polyester Yarn Price Is Mainly Consolidating in China

The polyester yarn price is mainly steady in Jiangsu Market today. The quotations are stable in Shengze market. A local direct spinning manufacturer quoted the acceptance price of DTY 75D/144F for 19900 Yuan/ton. A local melt spinning manufacturer quoted the acceptance price of FDY 75D/144F for 16900 Yuan/ton and FDY 55D/24F for 17400 Yuan/ton with acceptance. The third manufacturer quoted FDY 50D/48F for 16800 Yuan/ton by cash and light FDY 40D/24F for 16600 Yuan/ton. Manufacturers reported that part of the products had good sales. The polyester yarn price is mainly unchanged in Taicang market. 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 trading atmosphere was weak in the early market.

The polyester yarn price continues to consolidate in Zhejiang Market. The prices keep unchanged in Xiao Shan market. One of the local manufacturers quoted DTY 150D/48F low-stretch for 16300 Yuan/ton and FDY 50D/24F for 16800 Yuan/ton. Another POY manufacturer quoted POY 150D/144F for 15160 Yuan/ton. The polyester yarn price keeps steady in Shao Xing market. One of the leading manufactures in Shao Xing quoted FDY 150D/96F for 14260 Yuan/ton. Manufacturers reported that the early inquiries were normal and the straddle attitude was strong in the downstream market. The products’ prices are stable 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 fell back to 90%.