| CCF Price |
| PSF 1.4D*38mm (Yuan/mt) |
5-Nov |
12-Nov |
| Average |
Average |
| Spot market |
14500 |
19600 |
| Low |
High |
Low |
High |
| Deliv. traded price of private plants in Zhejiang |
13900 |
14400 |
19100 |
19500 |
| Deliv. traded price in Jiangsu and Jiangxi |
13900 |
14400 |
19000 |
19500 |
| Deliv. traded price of private plants in Fujian |
13900 |
14500 |
19100 |
19600 |
| Deliv. traded price in Hunan and Hubei |
14100 |
14500 |
19200 |
19700 |
| Deliv. traded price in Shandong |
13900 |
14500 |
19100 |
19600 |
| Deliv. traded price in Henan and Hebei |
14200 |
14500 |
19200 |
19700 |
| Deliv. traded price in Guangdong& Guangxi |
14100 |
14500 |
19200 |
19700 |
| Traded price in Sichuan (ex-warehouse) |
13900 |
14000 |
18000 |
18500 |
| Export Price |
| 1.4D×38mm(semi-dull,direct spun) |
$2400-2430 |
FOB,Zhangjiagang/Shanghai |
| 1.2D×38mm(bright,direct spun) |
$2420-2450 |
FOB,Zhangjiagang/Shanghai |
| Contract |
| Sinopec Semi-dull 1.4*38mm |
|
Aug |
Sep |
Oct |
Nov |
| Offer |
10000 |
10000 |
12200 |
13500 |
| Settlement |
9950 |
10550 |
13000 |
|
| CCF Index |
| |
22-Oct |
29-Oct |
5-Nov |
12-Nov |
Trend |
| PSF Inventory Index (day) |
-3.9 |
-5.3 |
-14.3 |
-16 |
↗ |
| PSF Operating Index (%) |
79.9 |
84.7 |
90.3 |
90.3 |
→ |
| Related Market |
| Specs (Yuan/mt) |
29-Oct |
5-Nov |
12-Nov |
Changes |
Trend |
| High-grade Re-PSF |
10700 |
11500 |
16000 |
4500 |
→ |
| Polyester yarn 32S |
19050 |
19900 |
26800 |
6900 |
↘ |
| Cotton Type 329 |
26830 |
29310 |
31105 |
1795 |
↘ |
| Market Roundup |
| This week, direct-spun PSF market gradually tended to stabilize. On Monday, PSF offer still maintained surging, to 19000yuan/mt in part but its sales were moderate. Subsequently, some PSF plants still raises offer further, with higher at 20500yuan/mt. However, downstream plants’ purchasing interest weakened and trading volume was small. Then, affected by cotton and PTA futures, as well as stock market softened Friday, polyester market became sluggish and PSF offer kept stable on the whole. Most PSF traders offered discounts for selling but rare deal was heard. |
|
|
| Market Outlook |
| Under weak polyester atmosphere but low inventory pressure, direct-spun PSF offer may maintain stable in the short run. Meanwhile, with favorable profits, PSF traders are possible to provide general discounts in trading. |
 |
| *Feedstock cost is based on the prices 25 days ago |
| Downstream market |
The hiking prices of polyester staple fiber from last Friday continued and more plants have stopped offering with tight inventory. Meanwhile, along with cotton yarn and rayon yarn, polyester yarn prices also hiked constantly and plants were reluctant to sell goods, some even stopped offering. The prices had surged by 4000yuan/mt at the weekend and by 7000yuan/mt in total, which presented a mixed market. In later period of this week, the offers for polyester yarn 32s for knitting were lifted up to 27000yuan/mt and in Fujian and Guangdong at 26000yuan/mt, pre-tax.
As both cotton and polyester staple fiber prices surged, the offers for polyester/cotton yarn followed up substantially and rapidly. For China yarn index, CY T/C45 moved up by 5400yuan/mt. |
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