Polyester Filament Yarn Market Morning Express (Nov 9, 2010)

In Zhejiang and Jiangsu, PFY market continues a big jump. Plants widely revise offers up 1300-2000yuan/mt and some low-priced varieties increase by 2500-3000yuan/mt. However, market trading sentiment becomes relatively a bit quiet under such a crazy uptrend. Some downstream textile plants begin to cut production.

In Xiaoshan and Shaoxing, the mainstream offers of POY150/48, DTY150/48 and FDY150/96 are pegged at about 16300, 18300 and 16700yuan/mt.

Tongxiang plants adjust POY, DTY up 1500 and FDY up 2000, POY150/48 offered at 16300yuan/mt. A Wujiang direct spinner lifts semi-dull and bright FDY up 1900-2500 and DTY up 1500-2000, bright FDY50/72 offered at 23200yuan/mt. A Shengze direct spinner revises offers up 3000yuan/mt. Taicang plants revise POY up 3000, 75/144 and 150/144 at 20650 and 18750yuan/mt.

A Wuxi plant lifts FDY up 2500-3000yuan/mt, 75/36 and 150/96 at 22000 and 18500yuan/mt.

$1=CNY 6.66

source:CCFGroup.com