Weekly Report: Poly Filament Yarn (26th Sept-30th Sept)
Author: Oct 08, 2011 08:20
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168tex News: Poly filament yarn price this week continue to drop. At the beginning of the week, some low priced FDY enterprises tend to stimulate downstream procurement by abolishing the preference. But some POY manufacturers start price-off promotions for the influence of PTA futures price slump and downstream draw texturing enterprises lowering down operation rate. Some POY suppliers even provide 500-1000 China Yuan preference. Under such a background, moreover, feedstock enterprises have a high willingness to sell goods by large; FDY quotations are reduced one by one.
FDY price lowered down this week, some high stocked goods quotations are lowered down by 200-300CNY. See from the marketing, full dull FDY yarn sales well, among which, 50D/48F market demand is large, mainly for a large demand of the dull taffeta fabric. Mainstream plants FDY50D/48F six-month acceptance is offered at 17600CNY/t.
Driven by POY, DTY price this week has dropped by 200CNY/t or so. Some specifications like DTY 150D/144F、288F still sales well, which is employed as peach skin fabric material. Major plants DTY150D/144F six-month acceptance price is offered at 17300CNY/t.
POY quotation went down by large, which is around 600-700CNY/t. For the fabric market sale depressed, in addition with a large scale operation stop, POY price mostly went down. Now POY150D/144F acceptance is offered at 14450CNY/t by major plants.
For the price slump influence of feedstock, downstream plants hold a low willingness to buy in to cover the shortage, thus lead to a low production and consumption rate in poly yarn plants, which is mostly around 60%. The market stock is generally increased. Now mainstream plants FDY stock level is around 10 days, POY stock level is around a couple of weeks, while DTY stock level is relatively high, which is around 3 weeks.
Now upstream feedstock price is overall downward, while fabric sale is still on average, and weaving plants are suffering from a financial pressure for a dull sale of their gray fabric. Thinking either from the cost or from downstream demand, poly yarn price after market will surely downward.
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Editor: Candy From: 168Tex.com
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