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Synthetic fibres maintain equilibrium in 2007
10
Jan '08
Last year, synthetic fibres maintained a rapid growth in both supply and demand. From January to November, output and demand reached 21.8 million tons and 20.9 million tons, representing a year-on-year growth of 18.8 percent and 15.1 percent, respectively.

In the first half of 2007, international oil price rose after its earlier drop, production costs of synthetic fibres and their raw materials followed suit, improving profit levels of most synthetic fibres and their raw materials.

After February last year, international market saw a surge in the prices of synthetic fibres and raw materials.

In the first six months of 2007, the average prices in Asian market for PSF stood at US $1247 per ton, polyester filament yarn for $1552 per ton, acrylic fibre at $2,082 per ton. However, domestic synthetic fibre market was basically consistent with the international market and most products recorded a rise after their earlier drop.

Market price soared during the period from April to May, but went through a clear slump process in June. From July to September, synthetic fibre market stabilized over a period of time.

After September, under the pressures of withdrawing funds from market by the end of the year, the market started to decline, and the sluggish trend continued till the end of 2007.

Fibre2fashion News Desk - China

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