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Slight fluctuation in Chinese polyester POY market
17
Dec '12
Slight fluctuation was visible in Chinese domestic polyester POY market last week.
 
During the initial part of the week, there was an improvement in market sentiment as downstream manufacturers showed high enthusiasm for procurement of POY.
 
As a result, trade volume rose and market price too increased by about 100 yuan/ton. However, market price fell slightly during the latter part of the week. 
 
Overall, procurement by downstream enterprises increased in the week. Inventory was on lower-middle level and stock pressure was moderate. Manufacturers continued to offer incentives and preferential margins.
 
At present, major enterprises quote the price of POY 100/48F at 11,200 yuan/ton, POY 75/36F at 11,350 yuan/ton and POY150/48F at 11,100 Yuan/ton.
 

Fibre2fashion News Desk - China

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