CCF Price
POY75/72F 16300-16800
POY150D/48F 14200-14400
FDY68D/24F 16900-17300
FDY150D/96F 14200-14500
DTY75D/72F 19000-20200
DTY150D/48F 15500-15900
Zhejiang
PFY market entered a holiday mood with stable prices and weakening sentiment. Trading volume shrank apparently. In Xiaoshan and Shaoxing, POY, DTY and FDY150D were pegged at 14200-14400, 15500-15900 and 14200-14500yuan/mt respectively.
Jiangsu
Jiangsu offers kept stable and downstream O/R kept lowering with a thick wait-and-see mood. PFY prices were expected to keep stable before Spring Festival holiday.
PFY sales ratio in Zhejiang and Jiangsu was mainly at 30-50% with lower ones at 20% and higher ones at 80-90%. PFY market enters a correction period.
Fujian
Fujian plants released stable offers with a few lifted lower offers up 100yuan/mt. Major plants offered POY, FDY and DTY75/72 at 16600, 17300-17500 and 21100-21400yuan/mt. PFY prices may tend stable with shrinking trading volume.
Downstream Operation
As migrant workers started to leave for home, O/R in Shengze region ticked down to 30-50% while run rates in Xiaoshan/Shaoxing circular knitting plants down to 20% and Fujian region low to 20%, Guangdong at 20%.
($1=CNY 6.59)
source:CCFGroup
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