August 9, 2011- The Polyester Yarn Price is Consolidating in China

The polyester yarn price continues to be steady in Jiangsu Market. The quotations are stabilized in Shengze market. 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. 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. 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 straddle attitude was strong and 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 yesterday’s production-marketing was around 70%.

The polyester yarn price is stable but tends to be weak in Zhejiang Market. A local POY manufacturer in Xiao Shan decreased the quotations by 100 Yuan/ton and quoted POY 150D/144F for 15010 Yuan/ton and POY 75D/36F for 14560 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 is steady 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 unchanged 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 90%. Among the products, the selling amount of POY products is good and the storage is around 4-5 days.