18 December 2012
Polyester prices stayed stuck at their higher level in the past days in China, as a result of a lack of demand and whatever the new rise in intermediate prices. Our weekly report covers Polyester Staple Fiber (PSF) and Polyester Filament Yarn (PFY) prices on the domestic market, including a price comparison with cotton and viscose. Historical data are also available for download, back to 2004.
Prices of Polyester Staple Fibers (PSF) and Polyester Filament Yarns (PFY) stopped rising in the last week in China, although PTA and MEG spot prices further increased in Asia.
The benchmark 1.4D PSF price lost only 50 yuan per metric ton or 0.09% in the last seven days, actually staying stable as polyester producers were unable to adjust their price offers to higher raw material costs.
Polyester filaments yarn prices similarly stopped rising in the last seven days in China.
The sales/production ratio slightly improved, with an operating rate maintained at about 80% on average, and sliding stock inventories at fiber plants, accounting for less than one week of sales.
On the filament market by contrast, the sales/production ratio slightly went down compared with prior weekly period. Inventory levels however continued sliding, while the operating rate was stable.
Polyester spun prices further rose in last seven days with 32s up 80 yuan or 0.56%. This is a relatively small increase, considering the recent rise in staple fiber prices.
Compared with their level at the start of the month, gross margins of spinners further deteriorated in China.