Weekly Report: VSF/Spandex/Nylon (Feb, 13- Feb, 17)
Author: Feb 20, 2012 16:03
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VSF price maintained stable and then began to fall this week, and the market transaction atmosphere was relatively weak. The mainstream quotation of VSF was between 17,600 and 18,000 Yuan, and the negotiating space became much bigger, the shipment intension price was 17,550-18,000 Yuan, and the transaction price was around 17,500 - 177, 00 Yuan by cash, slightly dropped about 50-100 Yuan compared with last weekend. The staple cotton price was relatively flat this week, the purchase was general and many pulp mill stopped to store the staple cotton, so the price had no further breakthrough.
From the downstream product, the shipment of spun rayon yarn was slow, and the price didn’t much change. Meanwhile, the shipment of viscose grey fabric was relatively slow, the woven 30S decreased 200 Yuan by some yarn mills which hope to promote the sales, but the actual effect was usual. In addition, the inventory and fund of VSF were good, the price was unlikely to drop much in a short time, and still influenced by short demand, it was estimate that the quotation would continue to decline slightly.
The market quotation of spandex was increased by manufacturers. The price of 20D rose from 56,000 Yuan to 56,300 Yuan, and 40D price raised from 43,000 Yuan to 43,300 Yuan. The purchase amount still kept little. From the raw material market, the price of PTMEG kept stable in domestic market. The basic supply of PTMEG maintained steady this week, and the price was between 26,500 and 32,000 Yuan/ton. The shipment mentality of MDI continued to stabilize, the mainstream cash quotation of MDI spot goods was around 18,000-18,600 Yuan/ton in East China, and the negotiating price was between 18,200-18,800 Yuan/ton in South China. From the downstream, the inventory of some powerful factory was relatively low, and they were unwilling to sell.
The quotation of Nylon kept firm this week, the shortage of purchase was one of the biggest defects. The conventional spinning of nylon quoted 25,200 Yuan, high speed spinning chips was slightly down which was quoted 26,000 Yuan. In the aspect of raw material, CPL price fell back; the quotation was 2,970 U.S. dollars/ton in overseas market and 23,900 Yuan/ton in domestic market.
From the downstream market, the accepted quotation of POY85D/24 was around 28,700-29,200 Yuan/ton within six months, and the selling price was 27,500-27,800 Yuan/ton in China-Jiangsu & Zhejiang market, the market price of POY85D/48 was quoted for 29,500-30,000 Yuan/ton. The negotiating price of semi-bright FDY70D/24 was around 29,000 to 29,500 Yuan/ton (accepted for six months), moreover, market price of dull yarn 70D was between 29,500 and 30,000 Yuan/ton and the sales were usual. General speaking, CPL was still on the higher price, the costs pressure of manufacturers continued to increase.
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Editor: Kathy From: 168Tex.com
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