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FDY markets down on stock pressure

14
Oct '06
Fully Drawn Yarn (FDY) prices offered by some factories in Xiaoshan slightly fell. On October 10, the average price drop from a leading polyester factory in Xiaoshan was 200 yuan per ton with FDY68D/24F quoted at 13700 yuan per ton and 150D/96F at 12600 yuan per ton.

DTY price continued its downtrend and the drop was about 100 yuan per ton. The leading price for 150D/48F was about 13300-134000 yuan per ton. POY price was relatively steady.

The price drop with few factories in Shenzhe areas continues to be about 100 yuan. The market has been covered in a strong 'wait and see' atmosphere on huge stock pressure.

In Changshu, the market is relevantly firm, most factories are reluctant to cut prices any more though facing stock pressure.

In Guangdong, the market is rather weak. Stock pressure is on the manufacturing side.

In Fujian, most real transactions have been done with 100 yuan drop. Factories have been under stock pressure for more than two weeks.

Fibre2fashion, News Desk - China


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