Polyester Yarn Boom Again

In a recent week, the domestic polyester yarn market went through another purchasing upsurge. Manufacturers’ quotation keeps increasing as much as 500 Yuan/ton. With the growing price, the downstream purchasing had some enlargement. The production and marketing rate of the PFY manufacturers had a positive increase compared with last week; the stock reduced to a low level and the market atmosphere was good. The polyester POY and coarse denier FDY which had nice performance previously kept selling well, and the fine denier FDY price which was always barely satisfied followed up this week. Comparably speaking, last week’s quotation was the best among the recent ones. Since this week, the market heat had a slight cooling. Recently, the international crude futures market continued to have some shaking and the price had little fluctuation; the present price of crude oil is above 91 dollars/drum and the market sentiment is good. The PX performed well and the market price kept increasing which had broken through 1, 600 dollar/ton and was expected to steadily rise. Also the PTA had a good performance on market. Its price has increased for seven weeks. The present price is very firm. The inner market quotation is 10, 800 Yuan/ton and the outskirt negotiated price was 1, 380 dollars/ton. The MEG market kept stable but increasing; the mainstream negotiated price of the inner market is 9, 300 Yuan/ton and the outskirt price is 1, 200 dollars/ton. The polyester chips’ quotations of Sinopec in January are, semi-dull chips 11, 800 Yuan/ton, light chips and industrial yarn chips 11, 800 Yuan/ton and full-dull chips 12, 600 Yuan/ton. The polyester chips market maintained and its price was mainly horizontal. The mainstream negotiated price is around 12, 900-13, 000 Yuan/ton.

At present, the domestic polyester POY price kept a steadily increasing situation. The market quotation was increasing actively. The trading volume grew up in the market. The manufacturers’ production and marketing rate also had some increase, while their storage reduced to a low level. The low-price supply of goods disappeared, so the manufacturers and market traders showed a little reluctance to sell out. Comparably speaking, the coarse denier yarn kept a good selling tendency. The increasing quotations were caused by continuous rise of the upstream material prices. The latest POY settlement price of the chief manufacturers has come out. Although it was steady, the forecasting quotation kept increasing. POY 100D/36F, its settlement price was 14, 000 Yuan/ton and the forecasting quotation was 14, 700 Yuan/ton. POY 150D/48F, the settlement price was 13, 300 Yuan/ton and the forecasting quotation was 13, 900 Yuan/ton. Now the POY storage is at 5-day amount level. It is predicted that the POY market will keep a slightly good situation.

Lately, the domestic DTY price is in a good situation. The market quotation obviously increased. The trading volume had some increase compared with last week and the market atmosphere was good. The production and marketing rate of the polyester DTY manufacturers increased; and the production and selling can be balanced basically. The recent trading achievement of the normal DTY maintains a good state. The price of DTY had a big increasing range, especially the fine denier ones which are marketable. The manufacturers’ storage was used up, which made them have no stock pressure. The latest quotation of the chief manufacturers regulated up greatly. The 150D low-stretch yarn was 15, 600 Yuan/ton; 150D net yarn, 16, 400 Yuan/ton; 300D/96F low stretch yarn, 14, 700 Yuan/ton; 300D/96F net yarn, 15, 100 Yuan/ton. The DTY storage is around one-week amount level presently. It is predicted that the DTY price will keep a regulatory situation in a short term.

Since this week, the polyester FDY market price had some improvement. The price kept increasing and the coarse denier products sold well. The fine denier yarn which was sold weakly previously had some recovery increase recently. The market price of all the DTY products maintained firmly. The low-price supply of goods was not large and some individual products still had privilege. The production and marketing rate of the manufacturers kept at a good level and had no stock pressure. The chief manufacturers’ quotations of FDY still rose. The semi-dull FDY 40D/24F was quoted 19, 200 Yuan/ton; semi-dull FDY 50D/24F was quoted 18, 100 Yuan/ton; light FDY 40D/24F was quoted 18, 800 Yuan/ton; and light FDY 50D/24F was quoted 18, 300 Yuan/ton. Presently, the FDY storage is around 10-day amount level. It is predicted that the FDY market will keep a regulatory situation in a short term.