Weekly Report: PSF (Oct.17- Oct.21)

This week, the price Polyester Staple Fiber is still weak and dropping. Quotations from leading PSF manufacturers are also in chaos. The overall trading volume of the market is comparatively low due to the weakened supportive power of the upstream feedstocks, the lack demand in the downstream market and the strong straddle attitude.

In East Chin, PSF price followed the weakly decreasing this week. 1.4D*38mm direct spinning PSF decreased to 12500-12600 Yuan/ton. Compared with the price, 13100 Yuan/ton last weekend, it greatly lost 500 Yuan/ton. The decreasing rate is 3.82%.

Also in this week, quotation focus fell down in South China. 1.4D*38mm direct spinning PSF is reduced from 13200 Yuan/ton by cash and with delivery to 12700 Yuan/ton; the decreasing rate was 500 Yuan. The whole South China market is lack of trade volume and most manufacturers focused on shipment. The trading atmosphere is weak.

For the downstream yarn market, the 100% polyester yarn still shows weak tendency. Some of the products’ quotation fell back and the general trade volume slid down. At present, 32S 100% polyester yarn decreased to 16600 Yuan/ton; 45S 100% polyester yarn is around 17600 Yuan/ton. The trading atmosphere is bad this week and the downstream demand is low. The 100% polyester yarn price can be predicted to keep declining.

Influenced by high storage and financial pressure, the downstream yarn manufacturers are lack of interest in purchasing. PSF goods are sufficient to sell on market. Inventories continue to increase. The present amount of inventories is around 2-week.

Price Tendency of 1.4D*38mm Direct Spinning PSF