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Chinese polyester filament gains after holidays
14
Feb '11
Chinese polyester DTY market gained further after the spring festival holidays. However, trade volume is low, market sentiment remains stable, production and sales rate of polyester DTY enterprises is not high and companies have no inventory pressure.

Polyester POY found it difficult to enlarge its trade volume and filament demand from weaving factories looked more sluggish. In the Jiangsu market, POY 75D/36F was at 17200-17300 Yuan / ton and 75D/72F stood at 17400-17500 Yuan / ton.

DTY 75D/36F was quoted at 19700-20200 Yuan / ton, DTY 75D/72F 20800 -21 300 Yuan / ton, DTY 75D/144F was assessed at 21100-21200 Yuan / ton and DTY 150D/288F was at 17400-17900 Yuan / ton.

In the FDY market, FDY 50D/24F was at 18600-19400 Yuan / ton, FDY 63D/24F 17900-18600 Yuan / ton, FDY 75D/36F (bright) 17500-19000 Yuan / ton and FDY 150D/96F was quoted at 14800-14900 Yuan / ton.

Currently DTY inventory level is about 10 days. DTY market is expected to maintain a short-term adjustment.

Recently (2.07-11) market transaction was not active, but price rose, mainly due to strong raw materials market providing support to polyester filament market. Downstream procurement was light, capacity utilization yet to be slowly recovered.

Latest offers from major DTY enterprises increased. 150D DTY was at 16,200 Yuan / ton, 150D network filament was at 17,000 Yuan / ton, 300D/96F DTY was at 15,300 Yuan / ton, 300D/96F network filament was at 15,700 Yuan / ton.

Currently DTY inventory level is about 10 days. DTY market is expected to maintain a short-term adjustment. It is expected that local polyester filament market will turn for the better with capacity recovery of downstream weaving factories.

Fibre2fashion News Desk - China

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