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Chinese polyester POY market picks up slightly
29
Sep '12
Prices of polyester POY in China’s domestic market have risen slightly and major enterprises are offering POY 75/36F at 11,500 Yuan/ton.
 
POY 100/48F and POY 150/48F are being offered at 11,400 Yuan/ton and 11,300 Yuan/ton, respectively.
 
The market volume has also increased compared to previous week.
 
Production rate of manufacturers has increased to 50-80 percent and they are seeking to raise quotations.
 
Currently, several companies are promoting sales by offering discount up to 100 Yuan/ton.
 
However, inventory level with manufacturers still continues to remain at level of 10 days or less, which builds a moderate pressure.
 
Hence, POY market in China is likely to remain in adjustment phase in the short-term.
 

Fibre2fashion News Desk - China

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