Weekly Report: Polyester Yarn (10th Oct---14th Oct)
Author: Oct 17, 2011 08:26
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168tex News: After China’s national holiday, poly quotation slightly went up for the influence of downstream rigid demand. But soon afterwards major plants mainly runs quantity, with quotation changes little. In the second half of the week, for the end demand is still weak, the activeness of weaving plants to covering the shortage fall back greatly, there are some suppliers provided preferences from Wednesday, while in Thursday and Friday, the quotation comes down one by one, and the draw amount is around 100-200CNY/t.
FDY price this week mainly keeps consolidating. After the national holiday, some hot sell products’ prices are up regulated. But when it comes into this week, with the ending of temporary shortage covering, production and marketing rate dropped down notably. Some plants that with high stock began to cut down price on quantity promotions. See from the marketing, FDY fine denier yarn sales well, like 50D/48F, 75D/36F and etc. For the downstream market is dull, many plants are mainly producing conventional products. By the end of the week, the mainstream plants FDY50D/24F six-month acceptance is offered at 17300CNY/t.
DTY price firstly went up then went down in the week. For the quantity procurement after the festival, in addition with the boost of POY, DTY price is slightly boosted up. While in Wednesday, with the ending of shortage covering, and downstream feedstock price comes down, POY price also down regulated. Therefore, by the end of the week, some plants began to cut down price for quantity promotions. Major plants DTY 150D/144F six-month acceptance is offered at 16800CNY/t.
POY price went down in the week. Before the holiday, its price was increased slightly, with many low priced plants up regulated the price one by one. But in the week, for downstream demand was hard to enlarge, and poly feedstock price comes down, thus in the second half of the week, POY plants began to cut down price on quantity promotions. At the weekend, POY 150D/144F cash take was offered at 14200CNY/t.
For the influence of temporary shortage covering, poly yarn production and consumption rate of the plants is still high, yet the rate has not lasted for a long time. In the middle term of the week, the rate comes down to 60% or so. Influenced by which, now major plants FDY stock is around 2 weeks, POY stock is around 10 days, while DTY stock is relatively high, which is over 20 days.
Now the downstream weaving market is insipid, while upstream feedstock price comes down. Therefore, poly yarn price will down regulated probably.
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Editor: Candy From: 168Tex.com
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