China textile city performs well in September

30 Oct '12

4 min read

The trading price of spot goods of semi-dull polyester chips in Jiangsu and Zhejiang was 10500 yuan/ton on Sept. 21 on cash acceptance, and was raised to 10400 yuan/ton on Sept. 28.The prices fluctuated and went down. The domestic cotton price kept rising. For instance, the domestic 328 cotton was quoted 18651 yuan/ton on Sept. 21 and closed at 18671 yuan/ton on Sept. 28, rising 20 yuan per ton; 229 cotton was quoted 19585 yuan/ton on Sept. 21, and closed at 19594 yuan/ton on Sept. 28, rising 9 yuan per ton.

Polyester yarns market continued to go down. Recently, polyester yarns market in Qianqing Raw Materials Market of China textile city continues to go down, the sales in polyester yarns market go smoothly, most quotations keep meandering sideways, and the market tends to go down before the rise. Most quotations basically remain stable, but the business tends to go quite differently.

The production and marketing of POY go relatively well, DTY continues to go up and down, and the sales of FDY decline. The inventory rises up slowly, but the pressure on the inventory still can be controlled. As the National Day and the Mid-autumn Day come nearer, weaving plants increase the purchase for the storage, but the whole market sale appears dull, and the business of some polyester yarns companies increases very slowly.

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China - Keqiao Textile Index

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