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Market holds a wait-and-see attitude
19
Feb '08
On February 18, PTA price went up, MEG price indicated temporary correction, and where as prices of semi-dull and bright polyester chips were in consolidation. CDP chip price trimmed. PET bottle slice price slightly lowered.

Acrylic Staple 1.5 D × 38mm, acrylic top 3 D × 102mm prices were in consolidation. CPL, nylon 6 slice prices moved sideways.

Polyester filament market demonstrated an overall weak state, market bids were not unified, although offers from chemical fiber spinning plants were steady, inventory and sales pressures were huge in general. Presently, the market holds a strong wait-and-see attitude, most people believe that polyester filament market will continue a weak adjustment in short term.

Yarn market barely remained stable. Cotton yarn 30s was still salable, it is mainly used on air-jet looms to produce Fancy Fabrics; polyester yarn 32s, 45s still had good demand. Sale of rayon yarn 10s was fair, but price remained steady. The market trend of polyester and viscose yarn, polyester blended yarn had little change. PSF prices declined; VSF prices remained stable.

Market outlook is expected to mainly show a moderate correction.

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Fibre2fashion News Desk - China

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