August 15, 2011- The Polyester Yarn Price Is Weak in China

The polyester yarn price goes weak in Jiangsu Market. The quotations keep steady in Shengze market. A local direct spinning manufacturer decreased FDY and DTY products by 100-200 Yuan/ton and POY products generally decreased by 200 Yuan/ton. Now they quoted FDY 50D/24F for 17000 Yuan/ton by acceptance and DTY 150D/144F for 17400 Yuan/ton by acceptance. Another local melt spinning manufacturer stabilized the quotations and quoted FDY 75D/144F for 16300 Yuan/ton by cash and FDY 50D/48F for 16900 Yuan/ton by cash. The third manufacturer quoted FDY 50D/48F for 16400 Yuan/ton by cash and light FDY 40D/24F for 16500 Yuan/ton. The polyester yarn price is also decreasing in Taicang market. Now one of the local manufacturers decreased the quotations by 100 Yuan/ton and quoted FDY 50D/24F for 16600 Yuan/ton by cash and POY 150D/144F for 15100 Yuan/ton by cash remittance. Manufacturers reported that the inquiring atmosphere is weak in the early market.

The polyester yarn price goes down in Zhejiang Market. A leading POY manufacturer in Xiao Shan generally decreased the products by 100 Yuan/ton and quoted POY 150D/144F for 14810 Yuan/ton and POY 75D/36F for 14260 Yuan/ton. Another local manufacturer stabilized the quotations and quoted DTY 150D/48F low-stretch for 16300 Yuan/ton. A local manufacturer in Shao Xing generally decreased the price by 200 Yuan/ton and quoted FDY 50D/24F for 16200 Yuan/ton and FDY 150D/96F for 13850 Yuan/ton. The polyester yarn price is steady in Tong Xiang market. Now one of the local manufacturers quoted DTY 150D/144F for 17150 Yuan/ton. Manufacturers reported that the sales were weak last week and the production-marketing was around 80%.