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Polyester Filament Yarn Market Weekly(Dec 13-17, 2010) |
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2010-12-17
| CCF Price |
| Description (Yuan/mt) |
Dec 6-10 |
Dec 13-17 |
Trend |
| Avg |
Low |
High |
Avg |
| DTY150D/48F |
14,340 |
14,200 |
14,300 |
14,240 |
→ |
| POY150D/48F |
12,590 |
12,100 |
12,300 |
12,210 |
→ |
| FDY68D/24F |
17,360 |
16,200 |
17,100 |
16,740 |
→ |
| FDY150D/96F |
12,750 |
12,500 |
12,500 |
12,500 |
→ |
| CCF Index |
| |
3-Dec |
10-Dec |
17-Dec |
Trend |
| CCF Polyester Polymerization Rate Index |
84.0 |
84.0 |
84.0 |
→ |
| CCF FDY Inventory Index (day) |
13.0 |
13.8 |
16.5 |
→ |
| CCF DTY Inventory Index (day) |
16.2 |
16.7 |
19.4 |
→ |
| CCF POY Inventory Index (day) |
12.6 |
13.4 |
15.5 |
→ |
| CCF E.China Loom O/R Index |
65.0 |
65.0 |
62.0 |
→ |
| Market Roundup |
PFY market kept a downtrend this week and prices declined further by 500yuan/mt. Downstream textile plants kept a wait-and-see attitude and PFY sales ratio was low at 60-70%. The CCF Price Index of POY, DTY and FDY150D were pegged at 12100, 14200 and 12500yuan/mt.
The sales ratio in big PFY plants lingered around 70% and product inventory increased by 1-2 days. According to statistics, inventory level of FDY, POY and DTY in Zhejiang and Jiangsu were at 14-16, 14-16 and 18-20 days respectively. Some Shaoxing plants cut production under power ratio and Polyester Polymerization Index inched down to 82%. O/R in major twisting plants (Taicang, Changshu, Changxing, Cixi, Xiaoshan and Shaoxing, etc.) was at 30-40%. Run rates in chip-spun plants were at 70% while O/R in Jiangsu/Zhejiang looms at down to 62% under unfavorable offtake. Feedstock inventory in downstream plants ruled stable at 7 days.
Fujian PFY market kept weak though polyester raw materials performed well recently. PFY prices ticked down by 200-400yuan/mt with inventory up by 1-2 days. Average sales ratio remained low at 50-70% and plants kept focusing on reducing inventory. downstream plants purchased feedstock periodically with a cautious mood. |
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| Market Outlook |
New business in downstream twisting plants, warp weaving plants, circular knitting plants and weavers kept shrinking due to PFY price fluctuation. Run rates in downstream textile bases remained low. Operating rates of water jet looms in Shengze decreased further to 55%, with 50% in the adjacent places; O/R of warp knitting plants in Wujiang, Haining was 60%; While O/R in textile plants in Xiaoshan/Shaoxing was at 60%; O/R of circular/warp knitting plants in Fujian and Guangdong were at 40% due to low profits. Daily turnover in China Textile City averagely was about 5.22 mln meters, down 0.89 mln or 14.6% from 6.11mln meters in the correspondent period of last year.
After sharp price decrease, some foreign demand arrived in Changshu, Changxing, etc. and trading volume of some popular varieties enlarged. Though raw materials rebounded recently, high costs and reluctant downstream buyers restricted PFY market performance. PFY inventory kept building and plants focused on sales promotion. Downstream textile plants may purchase certain amount for cover next week and PFY prices will keep shivering within a small range. |
source:CCFGroup.com
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