CCF Price
POY75/72F 16100-16600
POY150D/48F 14200-14400
FDY68D/24F 15600-16000
FDY150D/96F 14050-14400
DTY75D/72F 19100-19800
DTY150D/48F 15900-16100
Zhejiang
PFY offers remained unchanged while some higher offers dipped further 50-200yuan/mt. Finer FDY saw relatively bigger decrease while some POY descriptions rebounded slightly due to tight supply. DTY mainly kept stable but some bad-sale varieties enabled discounts.
Jiangsu
Jiangsu offers mainly held steady. Plants showed selling interest upon the approaching short holiday and some discounts widened. Sales ratio mainly lingered around 100%.
PFY sales ratio in Zhejiang and Jiangsu was at 100% with several higher ones at 140% and lower ones at 60-80%. PFY market is expected to keep weak.
Fujian
Fujian prices remained steady. POY, FDY and DTY75/72 were at 16600, 16000 and 19400-19600yuan/mt. Downstream textile plants maintained stable operating rates with tolerable offtake but mainly purchased feedstock in small amount. Profits got improved due to decreasing feedstock prices. But PFY plants still focused on selling goods.
Downstream Operation
O/R basically kept stable while power ration continued in some regions. Run rates in Xiaoshan/Shaoxing circular knitting plants was at 60-70% and O/R in Shengze region at 80%. O/R of Haining/Wujiang weavers was at about 90%. O/R of Fujian looms was at 65% with Guangdong looms at 60%.
($1=CNY 6.51)
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