Weekly Report: PFY (21st Nov~25th Nov)
Author: Nov 28, 2011 09:26
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168tex News: This week, Poly yarn price trend includes ups and downs. At the beginning of the week, PFY market is still in stalemate, with little changes in its price, only some plants regulate acceptance interest subsidies. But soon for the influence of a weak demand, some high priced suppliers start to cut off price for promotion , which was mainly on FDY and DTY products. And suppliers in other places follow up soon. In the middle term of the week, for the operation rate in the downstream draw texturing enterprises bounce back, POY production and consumption rate turns well, and offers are mostly up regulated. Although, POY market turns well, some other products are still in dull sale, with some plants continue price off promotions.
FDY price this week is mostly down regulated, among which, FDY fine denier yarn price dropped bigger than thick denier yarn. There is even some thick denier yarn price increased slightly. It is mainly because thick denier yarn sales better than finer denier yarn. FDY yarn price dropped by 200~400CNY/t in the week and mainstream suppliers offered FDY50D/24F six-month acceptance around 13500CNY/t.
DTY price this week also dropped slightly. Although recently POY production and consumption is good, with the price also rebounded, DTY products are on price-off promotions in spite of a well profit margin. The draw amount of DTY this week is around 200~300CNY/t, and some plants draw amount is even bigger. By the weekend, FDY150D/144F six-month acceptance offered by the major plants are around 14200CNY/t.
POY price this week rebounded slightly, which is mainly because previously the production stop range in downstream draw texturing plants is big. When it comes into this week, its rate has rebounded notably. In addition, previously, draw texturing plants are carrying out production according to needs, barely any stock. In the middle term of the week, POY demand increased, and its production and consumption continue to mount high. By the end of the week, the demand start to fall, with a price up regulation of 100-150CNY/t. At the weekend, POY 150D/48F cash take offered by the major plants is around 12100CNY/t.
Production and consumption rate in the poly yarn plants is quite different from each other, among which, FDY and DTY stock is mostly increased. Now FDY stock level in the major plants is around a week, while DTY stock amount is over 20 days.
After a period of shortage covering, downstream buyers again stand on the sideline. Now poly feedstock market tends to be weak again. Therefore, for the cost weakening influence, poly yarn price is estimated to go down in the future.
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Editor: Candy From: 168Tex.com
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