|
The polyester yarn price is mainly steady in Shengze, China today. Now a local direct spinning manufacturer quoted FDY 50D/24F for 19,900 Yuan/ton (6-month Acceptance), DTY 75D/72F 21,600 Yuan/ton (6-month Acceptance) and POY 75D/72F 18,100 Yuan/ton (6-month Acceptance). Another local melt spinning manufacturer quoted low-stretch DTY 150D/48F for 18,000 Yuan/ton and FDY 50D/48F 20,000 Yuan/ton. The other manufacturer quoted FDY 40D/24F for 19,500 Yuan/ton. The manufacturer reported that last weekend’s marketing-production obviously fell back and it was around 30-40%. The polyester price in Taicang is still in deadlock. Now a local manufacturer quoted POY 75D/72F for 17,750 Yuan/ton (3-month Acceptance) and FDY 50D/24F for 19,100 Yuan/ton (Spot Exchange). The manufacturers said the upstream raw material price was weakening and the downstream market was still straddle; the short-term demand was hard to improve. The polyester price is still consolidating in Zhang Jiagang. Now a local mainstream manufacturer quoted light FDY 40D/24F for 19,100 Yuan/ton (Spot Exchange).
The polyester yarn price is mainly steady in Zhejiang Market. A local mainstream manufacturer in Xiao Shan reduced the quotation by 200 Yuan/ton. Now they quoted POY 150D/144F for 15,050 Yuan/ton and 75D/72F 16,900 Yuan/ton. Another manufacturer stabilized the quotations. Now they quoted FDY 66D/24F for 17,900 Yuan/ton and low-stretch DTY 150D/48F for 16,500 Yuan/ton. The polyester price is still unchanged in Tong Xiang. Now a local manufacturer quoted POY 150D/144F for 15,600 Yuan/ton and low-stretch DTY 150D/48F for 16,800 Yuan/ton. The manufacturers said the production-marketing was ordinary in the weekend and kept around 70-80%.
Last weekend, the upstream polyester material kept weakening. In ZCE, the contract 1105, main force of PTA futures, closed early at 11,322 Yuan/ton, which dropped 134 Yuan/ton compared with last trading day. In the East China buying market, the offering of PTA spot goods is around 11,500-11,550 Yuan/ton. In the selling market, the cargo offering of Taiwan goods is around 1,505-1,510 dollars/ton and the offering of Korean goods is around 1,500-1,505 dollars/ton. The MEG’s quotation is 9,700 Yuan/ton in the East China home trade market. As well as in the East China market, the mainstream quotation of semi-dull and big light polyester chips is around 13,600 Yuan/ton and 13,500 Yuan/ton. With the weakening tendency of the upstream raw material prices, the straddle attitude is strong in the downstream market. Moreover, because of the limitation and stop of production, the polyester yarn price will keep reducing in a short term.
|
