August 8, 2011- The Polyester Yarn Price is In Stalemate in China

The polyester yarn price continues to be steady in Jiangsu Market. The quotations are stabilized in Shengze market. Now 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. 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 the inquiring atmosphere was weak in the early market. 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 sales were flat in the weekend and the production-marketing was around 60%; among which, the sales of FDY products fell obviously.

The polyester yarn price mainly consolidates in Zhejiang Market. The prices go weak in Xiao Shan market. One of the local manufacturers decreased some of POY products by 50-100 Yuan/ton quoted POY 150D/144F for 15160 Yuan/ton and POY 75D/36F for 14660 Yuan/ton. Another manufacturer stabilized the quotations and quoted DTY 150D/48F low-stretch for 16300 Yuan/ton and FDY 50D/24F for 16800 Yuan/ton. The polyester yarn price decreased in Shao Xing market. One of the leading manufactures in Shao Xing quoted FDY 150D/96F for 14110 Yuan/ton. Manufacturers reported that the buying intention of the downstream manufacturers were weak. 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 was around 80%.