Weekly Report: Polyester Yarn (Feb, 13- Feb, 17)

    This week, polyester yarn market was stable at the beginning, but turned week later. The quotations of polyester yarn stayed strong at the beginning of this week because of the firm prices in the upstream market. However, it turned decreasing as the inventories increased and the prices of PX and PTA declined.

FDY showed weak tendency this week. Some of the manufacturers slightly decreased the prices for 100-300 Yuan/ton. As for the sales, as raw material for making bags, bright FDY 150D had good sales. FDY 75D/144F and 75D/36F also sell well.

    DTY prices were as usual. Some manufacturers decreased the prices under stock pressure. The demand from warp knitting factories and jet weaving factories increased, so the sales of DTY 75D/36F web yarn were good. At the end of this week, DTY 150D/144F was sold 15100 Yuan/ton.

    POY prices turned weak. The leading quotation of POY 150D/144F was around 12950 Yuan/ton.

   The inventories of polyester yarn manufacturers continued to increase under weak sales and low demand in the downstream market.

    The tendency of polyester staple fiber continued to be adjusting. In the market, the wait-and-see attitude was strong and the buying intention was low, so the overall sales were obviously affected by these factors. This week, Sinopec announced the quotations as follows, semi-dull 1.4D for 12700 Yuan/ton and bright 1.2D for 13300 Yuan/ton.

    At present, the sales in PSF market are not good and the marketers look lowly upon the aftermarket. The weak demand and low buying intention in the textile market led the whole market lack of confidence. The PSF market is expected to be weak and mild in a short run as there is lack of beneficial news.