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Slight improvement in China's polyester FDY market
03 Dec '12
1 min read
The performance of polyester FDY market in China has slightly improved in recent times.
Both production and sales of polyester FDY have significantly increased compared to previous period and manufacturers have either reduced or stopped offering concessions and preferential margins.
Owing to higher sales, stocks have declined, but inventory pressure still continues to exist.
At present, the market offers for FDY 50D/24F is 12,500 yuan/ton, price of FDY75D/36F is 11,700 yuan/ton, price of FDY100D/48F is 11,300 yuan/ton, and price of FDY150D/96F is 10,900 yuan/ton.
Major FDY manufacturers currently hold inventory of about four weeks, and market analysts expect the Chinese FDY market to remain in adjustment mode in the short-term.
Fibre2fashion News Desk - China
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