Quick Comment On The Performance Of PFY After Spring Festival

DTY showed increasing tendency. The quotations of major chemical fiber manufacturers in Xiao Shan this week are as follows. The final quotation of DTY 150D/48F is 16,000 Yuan/ton. Strongly pulled by the cost side, mainstream POY manufacturers successionally increased the price after Spring Festival, and the increasing range was from 400 Yuan/ton to 600 Yuan/ton, so the DTY price had to be raised too. Before the opening on Jan. 8^th (Chinese Lunar Calendar), only few manufacturers reported an increase of 200-300 Yuan/ton. However, at the late-mid of last week, the polyester yarn factories began to operate one after another in Xiao-Shao Area; the local mainstreams also try to raise the price of 200-300 Yuan/ton. Nevertheless, influenced by the news of raised the interest rates by the Central Bank, the yarn price became stable. Presently, the stock amount of DTY is around 12-18 days, and the low-stretch DTY 150D/48F is quoted at 16, 000-16, 200 Yuan/ton.

POY firstly increased, and then dropped. The settlement price given by East China POY manufacturers came out last week. POY 150D/48F was settled at 14, 300 Yuan/ton last week, which increased 200 Yuan/ton compared with the week before; this week it is quoted 14, 400 Yuan/ton, which increased 200 Yuan/ton compared with last week. After the Festival, mainstream POY manufacturers tried to increase the price. Two days in succession, the increasing range was 400-500 Yuan/ton. The news that the Central Bank increased the interest rate came out afterwards, which strengthened peoples’ wait-see attitude; few manufacturers in Xiao Shan decreased the price moderately. Presently, the POY storage is around 12-day to 16-day amount and the central price of POY 150D/48F is around 14, 200- 14, 400 Yuan/ton.

FDY continued to increase. The quotations of chip spinning FDY are mostly equal in Shengze, China. Semi-dull FDY 50D/24F and 50D/48F are quoted around 18, 100-18, 200 Yuan/ton and 18, 300-18, 400 Yuan/ton. Because the mainstream POY manufacturers successionally raised 400-500 Yuan/ton, some individual manufacturers in Jiangsu even raised 600 Yuan/ton. Since Feb. 7^th, another part of factories began to operate. However, because the Central Bank announced to raise the interest rate in order to suppress the increasing price, the manufacturers can only slightly raise the price. Moreover, the raw material price stayed at a high position, rough denier yarn of FDY may sink into meager profit or deficit. Now the FDY storage is around 13-day amount to 16-day amount; and FDY 68D/24F is quoted at 17, 400-17, 600 Yuan/ton.