The polyester yarn price has fragmentary increase in Shengze, China today. A local direct spinning manufacturer reported that the DTY series and POY 50D series both increased 100 Yuan/ton. Now they quoted DTY 75D/72F for 21,400 Yuan/ton and POY 75D/72F 17,800 Yuan/ton. Another local melt spinning manufacturer reported that their some rough denier products of DTY series increased 200 Yuan/ton. Among these, DTY 100D/144F two-ply increased 2,000 Yuan/ton. While the other manufacturer stabilized the quotations, now they spot exchange of FDY 50D/48F for 18, 800 Yuan/ton and light FDY 40D/24F 19,500 Yuan/ton. Manufacturers said that the production-marketing was good yesterday which 70%-90% was mostly around. The polyester yarn price is still consolidating in Taicang, China. Now one of the local manufacturer 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 comparatively stable and the early inquiry atmosphere became good. The polyester yarn price continues to be stable in Zhang Jiagang, local manufacturers unchanged the quotation. Now one of them quoted light FDY 40D/24F for 19,000 Yuan/ton. Manufacturers said the early inquiry amount increased.
The polyester yarn prices are still consolidating 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 and low-stretch DTY 75/36 20,200 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. While in the real selling, some manufacturers still gave discount for 100-200 Yuan/ton. The polyester price keeps steady in Tong Xiang Market. Now one of the local manufacturers 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 raised back a little to 100%.
The international oil price continued to rise yesterday. Ended by the close, in NYCE, the futures price of light oil delivered in April increased 2.66 dollars, closed at 99.63 dollars/drum and the increasing rate was 2.74%, the highest closing price since September, 2008. In London Market, the futures price of North Sea Brent oil delivered in April increased 3.62 dollars, closed at 115.42 dollars/drum and the increasing rate was 3.42%, the new high since August, 2008. Still yesterday, in PTA East China spot market, the buy offering increased to 11,700 Yuan/ton and the negotiated price was around 11,600 Yuan/ton. The sell offering of PTA Taiwan goods stayed at 1,495-1,500 dollars/ton; and the offering of the Korean goods was around 1,480-1,485 dollars/ton. The spot exchange closing price including 3-month acceptance and delivery of semi-light chips in Jiangsu-Zhejiang Market keeps at 13,700 Yuan/ton. The closing price of the light chips’ spot exchange price including 3-month short trip delivery also stays at 13,600 Yuan/ton. Although the crude oil price dramatically rose yesterday, the polyester products price will hardly have any change in a short term. Therefore, the polyester yarn price is difficult to change and the manufacturers will still focus on the selling amount.
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