PFY: profit shrinks substantially price hard to suspend falling

Trading price of polyester filament yarn kept falling since late-Sep affected by several times of promotion. The discounted price for POY and FDY has hit yearly low on last Friday, and current price is closed to this level. Polyester feedstock market was in narrow correction when price of PFY moved down; thus, cash flow of POY and FDY greatly shrank, and FDY plants have suffered great losses.