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China's polyester POY market continues to fluctuate
03
Dec '12
The polyester POY market in China is continuing to fluctuate. Most offers from manufacturers are stable, but market turnover has sharply declined compared to the previous week.
 
At present, inventory level with manufacturers is slightly more than normal as procurement by downstream buyers is less. Hence, manufacturers are giving incentives and preferential margins to boost sales.
 
The price of POY 75/36F is at present 11,150 yuan/ton, while the prices of POY 100/48F and POY 150/48F are 11,000 yuan/ton and 10,900 yuan/ton, respectively.
 
Currently, manufacturers have about half-a-month of POY stocks, and market analysts expect Chinese domestic POY market remain in weak adjustment in short-term.
 

Fibre2fashion News Desk - China

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