Under rising inventory but unfavorable sales, PFY suppliers widely revise offers down 100-400yuan/mt.

In Xiaoshan and Shaoxing, PFY dips 100-200yuan/mt. POY and DTY150D/48F are prevailingly offered at 12300-12500 and 14200-14500yuan/mt. Structural divergence occurs on FDY products as finer FDY decreases by 100-500, 75/72 and 150D at 15900-16300 and 12500-12800yuan/mt. One Xiaoshan plant cuts POY down 300, 150/48, 200/96 and 300/96 at 12250, 12150 and 11950yuan/mt.

Higher POY offers drop 400yuan/mt in Taicang while Tongxiang plants provide stable offers. A Shengze direct spinner cuts POY, FDY and DTY down 400, 300 and 300, FDY68/24 and 75/144 at 17500 and 17100yuan/mt.

One Wuxi plant provides discounts for large-amount FDY deals, 200-700yuan/mt for semi-dull FDY and 200-500yuan/mt for bright FDY.

$1=CNY6.66

source:CCFGroup.com