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Polyester chain raw material trends dip in Feb
02
Mar '12
Prices of various major textile raw materials rose at the beginning of 2012. The good start created a certain impact on Chinese domestic markets.

However, the positive sentiments lasted for only a few days after which Chinese domestic textile raw material prices went on a declining trend in February.

However, only Paraxylene (PX) bucked the trend in February, being driven by crude oil market. Currently Asian PX price is around US $1640 / ton.

PTA market was in a watching state in February and is still based on adjustment. Current domestic offers are around 8,950 Yuan / ton and negotiated price for foreign cargo is around US $1190 / ton.

MEG market also continued its adjustment in February and now mainstream discussion price for domestic goods is around 8,200 Yuan / ton and of imported cargo around $1080 / ton.

These data indicate that upstream polyester raw material market is still under vulnerable adjustment mode.

Fibre2fashion News Desk - China

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