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Chinese polyester DTY market covered in weak atmosphere
19
Mar '12
In recent time, domestic market of polyester DTY is covered with vulnerable atmosphere, market quotation is difficult to maintain stable and transaction volumes have gone down.

Upstream market is under a disadvantaged adjustment due to the impact of crude oil price; procurement from downstream weaving enterprise appears weaker.

The latest offers from main DTY enterprises have declined. 75D/72F DTY is priced at 15500 Yuan/ ton, 150D/48F DTY is 13,300 Yuan / ton and 150D/144F is at 13,700 Yuan / ton.

DTY inventory level is more than 40 days and the market is expected to maintain a vulnerable adjustment in the short term.

Fibre2fashion News Desk - China

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