Supply-Demand In Short, The Polyester Yarn Price Is Still In Consolidation In Jiangsu-Zhejiang (2011-2-28)

The polyester yarn price is mainly stable in Shengze, China today. Local manufacturers’ quotations keep unchanged. Now A local direct spinning manufacturer quoted FDY 50D/24F for 19, 200 Yuan/ton (6 Months Acceptance) and DTY 75D/144F 21,300 Yuan/ton. Another local melt spinning manufacturer quoted low-stretch DTY 150D/48F for 17,800 Yuan/ton. And the other manufacturer quoted spot exchange of FDY 50D/48F for 18, 800 Yuan/ton and light FDY 40D/24F 19,500 Yuan/ton. Manufacturers reported that the sales in the two-day weekend were ordinary, but there was no stock pressure and their wish to increase the price was low. The polyester yarn price keeps steady in Taicang, China. The local manufacturers stabilized the quotations. Now one of them quoted FDY 50D/24F for 19, 000 Yuan/ton (Spot Exchange) and POY 75D/72F is quoted 17, 350 Yuan/ton (Spot Exchange). Manufacturers said the sales were flat and production-marketing was around 30-40%.

The polyester yarn prices are mainly steady in Xiao-Shao Market, China. The local mainstream manufacturers’ quotation keeps unchanged. Now a local manufacturer in Xiao Shan quoted FDY 68D/24F for 17,900 Yuan/ton. Another POY manufacturer quoted POY 75D/144F 17,560 Yuan/ton and POY 75D/72F 16,710Yuan/ton. One manufacturer in Shao Xing quoted light FDY 75D/36F for 16,900 Yuan/ton and FDY 68D/24F 17,500 Yuan/ton. Moreover, some of the manufacturers who have large amount of the yarns offer a discount with 100 Yuan/ton.

The polyester price keeps steady in Tong Xiang Market. The local manufacturer unchanged the quotations. Now one of them quoted POY 150D/144F for 15,400 Yuan/ton and low-stretch DTY 150D/48F 16,500 Yuan/ton. The manufacturer said the production-marketing slightly fell back to 100% during last weekend and the early inquiry was obviously down.

The futures successionally dropped by days last week. Affected by this, the buy orders obviously fell down in Jiangsu-Zhejiang Market. The production-marketing of the mainstream manufacturers on market decreased to 30-50%; some even dropped to 80-90%. Moreover, the electricity limitation policy which is to operate the machines for 5 days and stop for 2 days began to implement recently in Haining Market. It is clear that the market demand will not be great in the near future. Although the raw material price is still in a high position, in my opinion, the polyester yarn price will be mostly in consolidation recently.