Oct 22nd, Weekly Report of Polyester Yarns

 Polyester Yarns

     In this week, polyester yarns market tended to be weak in stability. At the beginnings of this market, the market showed wait-and-see attitude, the quotations of manufacturers were mainly in stalemate, and only individual manufacturers introduced preferential measures. Then with the bad news of external market gradually appearing, polyester upstream feedstock prices dropped in succession, in addition to the sluggish downstream weaving market in peak season, the trading volume was difficult to increase, and the stock maintained high. So the polyester yarns market generally showed bearish attitude, shipment intentions of polyester yarns factories increased dramatically, preferential measures gradually became common, and the quotation also began to drop in succession near the weekend.

     In this week, FDY market showed down trend, and the production-marketing rate was not ideal. At the beginning of the week, influenced by the downstream buy-in demand after the festival, production and marketing was equal, but drove by the weak polyester upstream market, the downstream purchasing atmosphere gradually reduced, and production-marketing rate mainly dropped to 50%-70%, under the pressure of increasing stock, some enterprises began to introduce significantly sales promotion measures. FDY50D/24F quotation of mainstream factories was 13,200 Yuan/Ton.

In this week, the DTY price also dropped slightly, but the sold quantities at the beginning of the week were considerable, the production and marketing was basically equal, and the quotations tended to be stable, but the with the dropping demand, a part of manufacturers began to introduce preferential measures, and several manufacturers reduced the quotations. The overall market still kept wait-and-see attitude, and the DTY150D/144F quotation of mainstream factories on this weekend was 13,700 Yuan/ton.

    In this week, POY quotation dropped obviously. At the beginning of the week, individual POY factories introduced preferential measures in the transaction, although later production-marketing rate picked up briefly, the overall market still tended to be weak, so in the second half of the week, POY manufacturers generally introduced preferential measures, some even increased favorable measures. The overall downstream demand was in downturn, the market still continued insipid trend, and the POY150D/144F quotation of mainstream factories on this weekend was 12,000 Yuan/tons.

In this week, the overall polyester market showed the decline trend, and the factory stock also picked up, at present the average stock of polyester factories was for 24 days or so, the DTY was for 31 days or so, FDY stock was for 21 days or so, and POY stock was for 19 days or so.

     At present, the news of external environment was still bad, the international oil prices continued to drop, and polyester upstream feedstock price also dropped, in addition to the low demand downstream weaving market in peak season, the production was more and more cautious. So polyester yarns upstream and downstream market in the future will be still sluggish, and the price will probably show descending trend.