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Chinese polyester filament market to remain strong
03
Aug '12
The prices of polyester filament in Chinese markets are likely to remain exceptionally strong in the short term, as profits of polyester manufacturers have improved significantly on low inventories.
 
The stocks of polyester POY, DTY and FDY have declined to low levels of 5 days, 28 days and 9 days, respectively. This has caused the prices of polyester products to rebound by more than 1000 Yuan/ton from their lower points, much higher than the rebound witnessed in raw materials like PTA and MEG.
 
As on August 1, polyester chips were quoted at 9600 Yuan/ton, while the price of polyester POY 150D was priced at 10,950 Yuan/ton, FDY 150D was at 10,900 Yuan/ton, and DTY 150D was at 12,350 Yuan/ton.
 
It seems that the Chinese polyester market has entered its best period in recent time.
 

Fibre2fashion News Desk - China

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