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Chinese domestic polyester POY, FDY market trends
27
Feb '12
Amid weak trading atmosphere, domestic polyester POY market in China continues to be in adjustment phase.

The market price of POY75/36F was quoted at 12,850 Yuan/ton, while POY100/48F was offered at 12,350 Yuan/ton, and POY150/48F was quoted at 12,500 Yuan/ton.

The current POY inventory is expected to last for over a fortnight, and in the short-term, POY market is likely to continue in adjustment mode.

The Chinese domestic polyester DTY market continues to move sideways. The offer price of DTY75D/72F was at 16,300 Yuan/ton, DTY150D/48F at 13,900 Yuan/ton, and DTY150D/144F was at 14,500 Yuan/ton.

At present, there is DTY inventory of about more than a month, and DTY market is expected to move sideways, in the short term.

Meanwhile, a marginal decline was observed in polyester FDY market. The market price of FDY50D/24F was 15,100 Yuan/ton, while that of FDY75D/72F, FDY100D/48F, and FDY150D/96F were 14,400 Yuan/ton, 13,700 Yuan/ton and 13,400 Yuan/ton, respectively.

Currently, there is more than three weeks of FDY inventory level and FDY market is likely to continue in adjustment phase, in the short term.

Fibre2fashion News Desk - China

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