Weekly Report: Polyester Filament Yarn (10/31~11/4)
Author: Nov 07, 2011 08:16
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168tex News: Poly yarn price this week slumped by large. At the beginning of the week, for the Japanese central bank intervene in JPY, leading to US dollar sharply rebound, and which boosted the whole commodity futures price downward. And polyester market fall back all fronts. With the demand continue to weaken, poly yarn price stepped into a new dropping wave.
This week, FDY price slumped. Early of the week, its marketing was stable, with major plants quotation keeps unchanged. But the downstream marketing is weak, with most plants stop production for the dull sale. Stock pressure was increased, following on was the price-off promotions. But with the upstream cost weakened, downstream procurement tends to be cautious. Feedstock price-off range enlarged. In the week, FDY draw amount was around 1000CNY/t. See from marketing, FDY fine denier sales well, for example, 63D, 68D and also some other series. It was mainly due to the downstream market weakened, and most plants were carrying out conventional products. At the weekend, the mainstream plants FDY50D/24F six-month acceptance is offered at 15300CNY/t,
This week, DTY price draw down amount is big. At the beginning of the week, for the marketing weakened, some plants slightly reduced the price for promotion, and soon many plants offered price-off promotions for DTY stock piled up continuously. This week, DTY draw amount is around 300CNY/t, but some products draw amount is around 1000CNY/t. At this weekend, major plants offered DTY150D/144F six-month acceptance at 15900CNY/t.
POY price continue downward this week. At the beginning of the week, the downstream draw texturing plants, and weaving plants appears stop production phenomenon for the notably weakening demand. Most POY plants offered price-off promotions. Then for the big board of went down all fronts, plants offers went down. Therefore, the draw amount of POY price this week is generally around 1000CNY/t. And at the weekend, the major plants POY150D/144F cash take is offered at 12800CNY/t.
Poly yarn production and consumption rate is low this week. Now in major plants, FDY stock amount is mostly over half a month, POY stock amount is over two weeks, while DTY stock amount is around three weeks.
Now poly feedstock price is consolidating at a low level, while the downstream slack trend is hard to change in a short term. Therefore, poly yarn price trend is estimated to weaken.
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Editor: Candy From: 168Tex.com
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