Shengze cation filament trade price slides

02 Jan '08

2 min read

Last week (December 24 to 28), production and market of spinning factories was balanced, although purchasing power from lower-ends was better in the last two days. Impacted by early price drop of CDP chips, currently, the general market buyout bid was at 11000-11100 yuan per ton in term of 6 months acceptance and delivery to buyer for a short route. For big order, the buyout bid was at 10,900 yuan per ton in term of 6 months acceptance and delivery to buyers for a short route.

This week cation filament market remained weak and actual trade price during the first half continued to slide down.

Market dynamics showed that this week sales of FDY66D/24F products were fair in Shengze market, current price was at about 14,700 yuan per ton. In addition, 100 D/48F, 200D/96F and DTY200D still had better demand, their current prices were at 13,600 yuan per ton, 13,100 yuan per ton and 13,800 yuan per ton, respectively.

Remaining varieties were significantly short of sales, such as 50 D/24F priced at 15,900 yuan per ton, 150 D/72F priced at 13,100 yuan per ton and 300 D/96F priced at 13,100 yuan per ton.

According to relevant source, recently upstream materials market of cation chips was stabilized, procurement from downstream weaving factors looked intermittently, due to bill problem, but production closure rate increased. Therefore, cationic silk would face production shrinkage, and a price pullback will be inevitable.

Fibre2fashion, News Desk - China

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