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China Polyester Filament Yarn Market Daily (18 Nov 2009)

Published: 18 Nov 2009 01:58:59 PST

Description (Yuan/mt)	Low	High	Prevailing	Changes
DTY150D/48F	11800	12000	11950	+100
POY150D/48F	10400	10600	10500	+150
FDY150D/96F	10900	11000	10900	+50
FDY68D/24F	11950	12100	12050	+50

PFY offers headed up by 100-200yuan/mt in Zhejiang and Jiangsu spurred by rising raw materials and good sales ratio. Sales ratio remained fairly good, mainly at 100-150%. Some plants offering PFY at higher rates saw a lower sales ratio at 70-90% while higher ones were at 200% or even higher. To see as a whole, trading sentiment in PFY market softened a little compared to yesterday.

Producers in Xiaoshan and Shaoxing adjusted their offers up by 100-200yuan/mt as the mainstream prices of DTY, FDY and POY150D were at 11800-12000, 10900-11000 and 10400-10600yuan/mt respectively. A major supplier in Xiaoshan raised offers by 100yuan/mt with DTY, FDY and POY150D offered at 11900, 10900 and 10550yuan/mt. Besides, a FDY plant in Shaoxing also adjusted offers up by 100yuan/mt with semi-dull FDY75, 150D and bright FDY 75, 150D at 12150, 11000, 11900 and 11250yuan/mt.

A 100yuan/mt rise was also seen in Tongxiang with POY150D/48F and 150D/288F and DTY150D/48F offered at 10500, 11100 and 11950yuan/mt.

POY offers were raised up by 200yuan/mt in Taicang with POY75D/144F, 100D/144F and 150D/144F offered at 12100, 11350 and 10950yuan/mt.

A 200yuan/mt rise also occured in Shengze. A major producer there released offers for FDY66D/24F, 68D/24F and 75D/72FPOY150D/144F at 12400, 12300 and 12600yuan/mt while POY75D/72F, 75D/144F, 100D/144F and 150D/288F were offered at 11600, 12100, 11500 and 11400yuan/mt. Another local supplier adjusted semi-dull FDY offers up by 200-300yuan/mt and bright FDY, DTY up by 200yuan/mt. Bright FDY50, 75D were pegged at 13300 and 12400yuan/mt.

Offers also went up by 100-200yuan/mt in Fujian, Changshou, Wuxi and Ningbo with flat sales.

In the short term, PFY market is still in its upward trend with a steady pace and offers for some best sellers may follow the trend to climb up.