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PSF prices marginally up this week in China
27 Feb '15
1 min read
The Chinese polyester staple fibre (PSF) market showed strong outlook and prices rose marginally from firm demand from downstream buyers in the Chinese domestic market in this week.
Spot prices for polyester staple fibre FOB NE Asia grew by 1 per cent and were offered at US$1,000-1,010 per ton.
Most polyester plants have suspended production for Lunar New Year holiday and inventory accumulated slightly with scant transactions. Spinners held different views towards market outlook after Spring Festival.
In the international market, prices for 1.4 Den PSF went up compared to last week due to favorable market fundamental. Prices were around US$ 1.00-1.01 per Kg FOB NE Asia basis throughout this fortnight.
Mainstream offers for 1.4 Den PSF hovered around RMB 7,245 per ton in the Chinese domestic market.
Current prices of 1.5 Den PSF of Taiwan origin were quoted at US$ 1.20-1.25 per Kg, European origin PSF was offered at US$ 1.73-1.83 per Kg US origin was assessed at US$ 1.96-2.06 per Kg.
Prices of 1.5 Den PSF of China origin for domestic and export market were offered at US$ 1.17-1.20 per Kg and US$ 1.00-1.01 per Kg, respectively.
Spot prices for polyester staple fibre FOB NE Asia grew by 1 per cent and were offered at US$1,000-1,010 per ton.
Most polyester plants have suspended production for Lunar New Year holiday and inventory accumulated slightly with scant transactions. Spinners held different views towards market outlook after Spring Festival.
In the international market, prices for 1.4 Den PSF went up compared to last week due to favorable market fundamental. Prices were around US$ 1.00-1.01 per Kg FOB NE Asia basis throughout this fortnight.
Mainstream offers for 1.4 Den PSF hovered around RMB 7,245 per ton in the Chinese domestic market.
Current prices of 1.5 Den PSF of Taiwan origin were quoted at US$ 1.20-1.25 per Kg, European origin PSF was offered at US$ 1.73-1.83 per Kg US origin was assessed at US$ 1.96-2.06 per Kg.
Prices of 1.5 Den PSF of China origin for domestic and export market were offered at US$ 1.17-1.20 per Kg and US$ 1.00-1.01 per Kg, respectively.
Fibre2fashion News Desk - India
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