September 2, 2011- PTA Futures Goes Weak Polyester Yarn Price is stabilized

The polyester yarn price is steady in Jiangsu Market. The local manufacturers in Shengze mostly keep the prices unchanged. Now a direct spinning manufacturer quoted FDY 50D/24F for 17500 Yuan/ton by acceptance. Another melt spinning manufacturer quoted FDY 50D/48F for 17900 Yuan/ton by acceptance. The third manufacturer quoted light FDY 40D/24F for 17200 Yuan/ton. Manufacturers reported the storage was low at present. The polyester yarn price is steady in Taicang. Now a local manufacturer quoted POY 150D/144F for 15200 Yuan/ton and FDY 75D/36F for 15800 Yuan/ton. Manufacturers reported the production and marketing was balanced and the inquiring atmosphere is weak.

The polyester yarn price is also steady in Zhejiang Market. A leading manufacturer in Xiao Shan quoted FDY 66D/24F for 16100 Yuan/ton. Another local POY manufacturer quoted POY 75D/36F for 14710 Yuan/ton. The quotations are unchanged. Manufacturers reported the inquiring atmosphere turned worse. The polyester yarn price continues to increase in Shao Xing. A local leading manufacturer increased some of the products by 100 Yuan/ton. Now they quoted FDY 50D/24F for 17400 Yuan/ton and FDY 75D/36F for 16300 Yuan/ton. Manufacturers reported they had little storage basically and the supply was in shortage. The polyester yarn price is steady in Tong Xiang. A local manufacturer quoted DTY 150D/48F low stretch for 16150 Yuan/ton and POY 150D/144F for 15100 Yuan/ton. Manufacturers reported the sales was good and the production-marketing was around 110%.