Polyester Filament Yarn Market Morning Express (Nov 25, 2010)

With the settlement prices of polyester raw materials released while crude oil and stock market rebounds slightly after previous decrease, PFY market sentiment tends stable and some plants revise offers up moderately this morning.

Xiaoshan and Shaoxing offers rule stable with a few POY up 100. POY150D, 200D and 300D are offered at 13500-14100, 13300-13700 and 13200-13600yuan/mt.

Tongxiang producers release stable offers but some discounts are cancelled. Taicang plants offer POY stably as well.

One Shengze direct spinner revises FDY up 100, 50/48 and 75/144 at 21600 and 20000yuan/mt and DTY up 100-500yuan/mt, POY stable.

One Wujiang direct spinner revises DTY up 100, 75/144 at 21000yuan/mt; semi-dull FDY up 100-300yuan/mt; bright FDY stable but cancel discounts.

Ningbo plants adjust 10 kg POY up 100 on trial basis, 144Dtex/36F at 15000yuan/mt.

$1=CNY 6.66

source:CCFGroup.com