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Shengze & Jiaxing polyester likely to be strained in 2008
02
Jan '08
During the first half of last week of December, Shengze and Jiaxing polyester filament market looked plain, market sentiment was in doldrums, mentality of market operators appeared vulnerable and downstream buyers took a wait-and-see attitude, as most people generally felt the market would fall further.

During the second half, after the joint chip contract price was released, polyester/polyester composite filament price stabilized immediately. Overall trade volume was comfortable at a middle level. Some products of POY maintained good sales and production and market rate of FDY chip spinning factories rebounded, while the DTY price was relatively weak.

From varieties trend, sales of conventional FDY products were moderate. Sales of FDY75D/72F, 54D/24F, 40D/24F and 50 D, 75D were fair. Leading products of FDY63D/24F were offered at 12800-13000 per ton, due to buying interest declined after relatively larger procurement in prior time.

However, FDY68D/48F was more popular, currently market mainstream price was at 14,000 yuan per ton. DTY75D/72F/36F semi-dull (from small production units) faced sale pressures. DTY75D/144F, 100D/144F and 150D/288F still met some sales.

75D from DTY black filaments saw strong demand; it is mainly used in production of lining fabrics like black pointed silk fabrics and black twill. POY series had small demand and POY texturized filament maintained a certain trade volume.

Judging from current transactiontrend, though actual trade volume rose slightly, production and marketing rate of local spinning factories was generally at 90 to 100 percent and most spinning plants were unable to digest early inventories. Actual trade price in polyester filament market also receded.

2008 market outlook is expected to face the pressure of downward trend.

Fibre2fashion, News Desk - China

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