The Cost Continues Rising Polyester Manufacturers Actively Follow Up

 The upstream polyester raw material prices continue to build yesterday; Asian PX quotation increased 47 dollars, which is now quoted 1577 dollars per ton FOB South Korea; Europe PX up 46 dollars to 1, 499 dollars per ton FOB Rotterdam. Affected by this, ZCE (Zhengzhou Commodity Exchange) PTA main contract 1105 closed 10, 768 yuan/ton yesterday; compared with the settlement price of last trading day, it greatly raised 192 yuan/ton. The PTA inner market quoted 10, 500-10, 550 yuan/ton in East China, while the mainstream negotiated price is around 10400-10450 yuan/ton. Outskirt PTA Taiwan goods market increased to 1, 330-1, 340 dollars per ton, while the main negotiated price was around 1, 320- 1, 330 dollars per ton. The transaction price of the semi-dull slice spot goods was 12, 500 yuan per ton with 3 months acceptance. The polyester yarn price in Jiangsu and Zhejiang market both continues to climb up because of this phenomenon.

Today the polyester yarn price in Shengze market greatly rises, a local mainstream direct spinning manfacturer quoted FDY with a continued increase of 200- 500 yuan/ton; some specific fine denier rises 1000 yuan/ton, POY products commonly rises 100 yuan/ton, DTY rises 100 to 200 yuan/ton, presently FDY 50D/48F quoted at 18, 700 yuan/ton, DTY 75D/72F quoted 19, 900 yuan/ton, POY 75D/72F quoted 16, 300 yuan/ton. Another local melt spinning manufacturer quoted that the lustrous FDY increased 300-500 yuan/ton, and semi-dull FDY commonly rises around 300 yuan/ton. Now lustrous FDY 50D/36F quoted 19, 500 yuan/ton; semi-dull FDY50D/24F quoted 18, 300 yuan/ton, and the DTY quotation increased 100-200 yuan/ton; DTY75D/144F quoted 20,100 yuan/ton. While the other local slice giant quoted a common increase of 200 yuan/ton, now the lustrous FDY40D/24F quoted 18, 400 yuan/ton. The polyester yarn price keeps rising in Taicang market, China. A local mainstream giant quoted that the POY products have 100 to 200 yuan/ton increase, and FDY products also have 200-400 yuan/ton increase. Now FDY50D/24F remittance quotation is 18, 000 yuan/ton, POY150D/144F with 3 months acceptance quoted 14, 400 yuan/ton. Manufacturers reported the early market inquiry was good.

Today a mainstream polyester factory in Xiao Shan reported a common increase of 200 yuan/ton. Now FDY 50D/24F quoted 17, 600 yuan/ton, and DTY150D/48F low elastic quoted 15,200 yuan/ton. Manufacturers said that the sales is good, and the production-sales rate is up to 200% yesterday. The polyester yarn price continues to climb up in Tong Xiang, China. One of the local mainstream manufacturers quoted that POY and DTY black yarn had a 200-yuan per ton increase generally, with a 100-yuan per ton increase for other yarns. Now the POY 150D/48F quoted 13, 800 yuan/ton, and DTY 150D/48F 15,300 yuan/ton.

From market tendency in these days, the polyester yarn manufacturers have already transfered the main factor that affects the price tendency from the downstream demand to the upstream cost. So I think the recent polyester yarn trend will be closely linked to the upstream raw material tendency.