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Decline rate of PSF trends narrow in previous week
Mar '12
In the just concluded week, quotations in the Chinese polyester staple fiber market were still falling, but the decline rate narrowed from the previous week.

Market volume improved compared to previous week, indicating that demand from downstream enterprises has improved.

Meanwhile, upstream market of polyester raw material also improved and this improvement sent cost support to polyester staple fiber.

However, contradiction between supply and demand was still large in the market, therefore, market transactions were mostly reached with concessions.

At present, business inventories of polyester staple fiber factories are mostly at about 20 days and their operational rate is around 70 percent.

Fibre2fashion News Desk - China

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