Weekly Report: Poly Filament (15th Aug-19th Aug)
Author: Aug 20, 2011 14:53
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168Tex News: Poly yarn price trend firstly down then up in this week. Early of the week, under the influence of weak demand, poly yarn plants quotation lowered down by 100-200CNY/t, while some plants get some discount in the actual deal, some major plants even cancelled acceptance interest subsidy. On the weekend, for the influence of China Dalian PX issue deepened, PTA futures price broke through ten thousand CNY, polyester products price increased all fronts. Poly yarn sales well and its turns over enlarged notably. Poly yarn price was up regulated by plants one after another for the inventory amount decreased notably. Generally speaking, poly yarn price changed little, only some specifications price increased, therefore, the Shengze Silk & Chemical Fiber Index Increased slightly. See below picture.
 FDY yarn price also firstly down then up this week. Early of the week, there are price-off promotions for low downstream demand. Then in the mid term of the week, feedstock price increased, downstream plants buy in to cover the inventory actively, FDY yarn quotation is increased. Generally speaking, the change is little. Major plants FDY50D/24F six month acceptance quotation is 17300CNY/t.
DTY price slightly fall back and its turns over is on average. In detail, FDY 75D/36F, 150D/48F sales well, which is mainly used in warp knitted plants on golden flannelette, dull flannelette, circle flannelette and etc. The major plants DTY150D/144F light interlacing yarn is quoted at 17150CNY/t.
POY price this week also firstly down then up, but no change on the whole. Among which, high F POY draw textured yarn is the best seller. Major plants POY 150D/144F cash take price on the weekend is quoted at 15100CNY/t.
Poly yarn price in Zhejiang China market also firstly down then up. Major plants production and consumption rate is around 60%-70%. But in the later of the week, the rate is generally over 100%, some can even reach 300%, thus inventory amount this week fall back slightly. Most plants hold POY inventory amount in a week, FDY amount is in eight day, while DTY inventory is around half a month.
Although Polyester upstream feedstock price increased, plants’ inventory lowered down, the market is still in its slack season and for the still existed load shedding program, it is expected that poly yarn price up room will not be big, generally the price will consolidate.
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Editor: Candy From: 168Tex.com
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