PFY Price Continues to Drop as the Market is Pessimistic

The polyester yarn price is stable in Jiangsu market. A local direct spinning manufacturer in Shengze stabilized the quotations and quoted FDY 50D/24F for 15000 Yuan/ton and DTY 150D/144F for 15400 Yuan/ton. Another melt spinning manufacturer also keeps the quotations unchanged and quoted FDY 50D/48F for 15000 Yuan/ton and DTY 75D/144F for 17300 Yuan/ton. The price dropped in Taicang Market. Some of the POY products decreased 100-300 Yuan/ton and FDY products unchanged. Now a local manufacturer quoted FDY 50D/24F for 14100 Yuan/ton and POY 150D/144F for 12300 Yuan/ton. Manufacturers reported that there were little inquiries in the early market.

The polyester yarn price kept falling in Zhejiang market. One of the leading manufacturers in Xiao Shan decreased FDY products by 300-400 Yuan/ton and DTY products by 300 Yuan/ton. The close price of POY products reduced 400 Yuan/ton. Now they quoted FDY 150D/96F for 12300 Yuan/ton and DTY 150D/48F low stretch for 14500 Yuan/ton. Another local POY manufacturer quoted POY 75D/36F for 11800 Yuan/ton by cash and POY 150D/144F for 11900 Yuan/ton by cash. Manufacturers reported that straddle attitude was strong on market. The polyester yarn prices kept steady in Shao Xing. A local FDY manufacturer quoted FDY 66D/24F for 13600 Yuan/ton and FDY 150D/96F for 12300 Yuan/ton. Manufacturers reported the sales were weak recently. The situation is the same for Tong Xiang market. A local leading manufacturer generally decreased the products by 200 Yuan/ton. Now they quoted DTY 150D/48F for 13800 Yuan/ton and POY 150D/144F for 12850 Yuan/ton. Manufacturers reported that the production-marketing was around 70%.