August 19, 2011- Low Storage, the Polyester Yarn Price Continues to Increase in China

The polyester yarn price continues to increase in Jiangsu Market. The quotations increased in Shengze market. A local direct spinning manufacturer increased FDY products by 200 Yuan/ton and quoted FDY 50D/24F for 17300 Yuan/ton by 6-month acceptance and FDY 75D/36F for 16200 Yuan/ton by 6-month acceptance. A second manufacturer quoted FDY 50D/48F for 16600 Yuan/ton by cash and light FDY 40D/24F for 16700 Yuan/ton. Manufacturers reported that the sales increased fast in recent two days. The polyester yarn price increased in Taicang market. Now one of the local manufacturers increased FDY products by 200-300 Yuan/ton and quoted FDY 50D/24F for 16700 Yuan/ton by cash and POY 150D/288F for 15750 Yuan/ton by cash remittance. Manufacturers reported that the production-marketing was goods these days and the storage fell back to one-week amount.

The polyester yarn price is uptrend in Zhejiang Market. One of the leading manufacturers in Xiao Shan generally increased FDY products by 200 Yuan/ton. Now they quoted FDY 75D/36F for 15600 Yuan/ton, FDY 150D/96F for 14600 Yuan/ton. Another POY manufacturer generally increased the quotations by 50 Yuan/ton and quoted POY 150D/48F for 14260 Yuan/ton and POY 150D/144F low-stretch for 14910 Yuan/ton. A local manufacturer in Shao Xing generally increased some of FDY products by 100-200Yuan/ton and quoted FDY 50D/48F for 16600 Yuan/ton and FDY 75D/36F for 15300 Yuan/ton by cash. The polyester yarn price is in stalemate in Tong Xiang market. Now a local manufacturer quoted DTY 150D/144F for 17150 Yuan/ton and POY 150D/144F for 14900 Yuan/ton. Manufacturers reported that the sales were good yesterday, and the production-marketing was nearly 200%.