Home / Knowledge / News / Textiles / Crude oil prices dip, polyester raw materials follow suit
Crude oil prices dip, polyester raw materials follow suit
19
Mar '12
The domestic polyester filament market start has started to decline in recent days, from its previous state of being in a stalemate.

Quotations from enterprises have become flexible, which has basically set a downward adjustment for prices. Business inventories are still at high level of about 80 percent.

Market prices of upstream polyester raw materials declined due to weak crude oil market and currently New York oil futures price are above US $105 / barrel.

PX market shows the same adjustment as being driven by crude oil market, trade volume has reduced and the price has declined to about US $1630 in Asian market.

Trading sentiment in PTA market is poor and the market continues to edge lower amid weak adjustment.

Market quotation for Chinese domestic goods is 8,700 Yuan / ton and market talks for overseas goods are around US $1,170 / ton.

MEG market is weak and mainstream talks for domestic goods are around 7,300 Yuan / ton and negotiation for overseas goods is around US $1,000 / ton.

Polyester chip market continues its weak performance and mainstream talks are at about 10,500 Yuan / ton in terms of cash payment in the market.

Pre-offers of polyester chips under March contracts from Sinopec Group have reduced by 400 Yuan / ton.

Sinopec has quoted price of semi-dull chips at 11,000 Yuan / ton, bright chips and industrial yarn grade chips at 11,050 Yuan / ton and dull chips at 11,800 Yuan / ton.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search