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Despite weak sales, Chinese FDY prices rise
23
Jan '12
In the just concluded week, the Chinese polyester filament market entered into a phase of smooth adjustment. Production and sales rate significantly fell due to impact of Chinese Spring Festival.

Purchasing enthusiasm from downstream polyester FDY weaving sector clearly declined. Latest offers from major FDY companies however, increased compared to previous week.

FDY50D/24F was offered at 14,700 Yuan / ton, FDY75D/72F at 14,000 Yuan / ton, FDY100D/48F at 13,300 Yuan / ton and FDY150D/96F was offered at 13,000 Yuan / ton.

Currently, FDY inventory is at levels less than a week and FDY market is expected to be on adjustment mode in the short term.

Fibre2fashion News Desk - China

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