Weekly Report: Polyester Filament (22nd Aug-26th Aug)

    Polyester fiber price increased slightly this week. Early of the week, quotation keeps stable, but some major plants quotation increased. The next day, PTA device failure boost the price up, some enterprises marked price up by a hundred CNY. Afterwards, with the settlement price comes out and the production and marketing rate increased, some short supplied plants still has a mark up by a hundred CNY. Among which, DTY, FDY price increase is mainly in the first half of week, while POY price increase is mainly in the second half of the week. This week, poly fiber marketing rate changes little, and its price changes little, therefore, Shengze index this week is mainly consolidate.

    FDY price increased slightly this week. Early of the week, for the marketing rate rebound slightly, some major plants that are short supplied, quotation increased, while the other plants is mainly wait and see. Afterwards, some plants follow to increase the quotation. In the second half of the week, down stream short covering is finished, sales fall back, then poly fiber quotation stabilized. At the weekend of this week, FDY50D/24F for six month acceptance price is quoted at 17500CNY by the major plants.

    DTY price is also increased by some plants. The load shedding program is still under practice this week in China, influenced by which, elasticizes production reduction is widely spread, which make some kinds of DTY products supply in short, boosting its price up, among which, DTY75D/72F and 150D/48F sales well on the market. At the weekend, major plants DTY150/144F light interlacing yarn price is quoted at 17200CNY/t.

    POY price firstly kept stable then increased. On its marketing, DTY yarn sales well this week, while matching interlacing yarn sale is dull. At the weekend, POY 75D/36F cash take price is quoted at 14600CNY/t by major plants.

    Poly fiber marketing in Jiangsu and Zhejiang market is generally well. Production and marketing rate of the major plants is generally above 100%, some can even reach 150%, thus poly fiber stock fall back, and currently, most plants’ POY stock amount is around five days, FDY amount is less than a week, while DTY stock is less than two weeks.

    Now it is close to the busy season in September, downstream fabric price has not rebounded. Market source thinks that the busy season will be delayed. Polyester feedstock price settlement price this week is high, and poly fiber plants are mostly operated at a low stock, therefore, in the short term, poly fiber price will continue upward under the cost pressure.

China Major Plants Quotation Trend Table（8.22-8.26）
Art	Mon	Tue	Wed	Thu	Fri
FDY50D/24F	17500	17500	17500	17500	17500
DTY150D/48F	16300	16400	16400	16400	16400
POY150D/144F	15100	15000	15000	15000	15100