Weekly Report: PSF (Aug.29- Sep.2)

By the help of strong raw materials market, this week the polyester spun yarn market mainly gone up. This week the September pre-collection quote of polyester spun yarn: 1.4D semi-dull polyester spun yarn is 13600 RMB/T, up 300 RMB/T compared with last month. in east China market, the mainstream offer of 1.4D direct spinning polyester spun yarn is around 13400－13500 RMB/T－13600 RMB/T.; In south China market, the offer is around 13500

 

See from the upstream raw material market, the international oil price mainly gone up. At the close of Sep.2nd, the price of COMEX light crude oil futures for October delivery offer 88.93 dollars per barrel. The close price of Brent Oil futures in London market for October delivery was 114.29 dollars per barrel.

Upstream PTA spot goods market extends last week’s rising trend. By the end of this Friday, the mainstream offer of domestic market raised to 10200 RMB/T, up 200 RMB compared with last Friday. In overseas market, the practical price of Korea cargo offers 1290 USD/T, up 20 USD compared with last Friday.

 

See from the downstream yarn market, this week the 100% polyester yarn market is stable, several products’ offer goes up slightly. At present, 32S polyester yarn offers 17400 RMB/T, but the market demand is general. The sales of 45S go up slightly. At present, the stock of downstream yarn manufacturers is low, face the Mid-Autumn Festival and National Day holiday arriving, downstream market should have some stock demand.

 

See from the current polyester spun yarn market, if the upstream raw material market is still going up, under the support of raw materials’ cost and the low stock, the polyester spun yarn market will go up.