China Polyester Filament Yarn Market Daily (16 Mar 2011)

CCF Price
POY75/72F 17000-17500
POY150D/48F 14600-15000
FDY68D/24F 17300-17600
FDY150D/96F 14600-15000
DTY75D/72F 19600-20600
DTY150D/48F 16200-16400

Zhejiang
Zhejiang offers mainly remained unchanged but some plants revised higher offers down 50-200yuan/mt. Market sales presented a bit sluggish due to shivering global economy and feedstock market. A wait-and-see attitude was widely spreading on downstream market and some PFY producers showed intension to lower prices.

Jiangsu
Supported by high feedstock prices, Jiangsu market held stable recently. Some plants provided discounts for sales promotion but trading sentiment remained a bit weak.

PFY sales ratio in Zhejiang and Jiangsu remained low at 50-60% with higher ones at 70-80% and lower ones at 30-40%. PFY market may keep shivering with a relatively weak look in the short term.

Fujian
Fujian market presented flat. POY, FDY and DTY150/48 were prevailingly at 15300, 15300-15500 and 16700-16900yuan/mt. Local sales ratio lingered around 40-60% and some plants enjoyed higher ratio of about 100%. Discounts were still widely available. Some plants with high inventory may adjust offers down for sales promotion.

Downstream Operation
Downstream operating rates returned to a normal level. Run rates in Xiaoshan/Shaoxing circular knitting plants was at 60-70% and O/R in Shengze region dipped to 60-70% under emission reduction policy. O/R of Haining/Wujiang weavers was at about 90% while Haining plants ran five days a week under power ration. O/R of Fujian looms was at 65% with Guangdong looms at 70-80%.

($1=CNY 6.57)