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Wait-and-see attitude of traders weakens purchase interest
06
Mar '08
Last Monday, on March 3, PTA, MEG prices increased slightly, prices of semi-dull, bright polyester chip, and CDP slice also shifted up, PET bottle slice consolidated.

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

VSF price showed adjustment. Polyester filament market began to move towards stabilization, production and sales declined from previous time, and reached a general balance.

Weaving factories in downstream sector had already purchased raw materials for production, however, few scattering demands were seen from few of the factories. The wait-and-see attitude of businessmen and traders in downstream sector tends to weaken the purchase interest. Covering interest from merchants was obviously sparse. Market outlook is expected to be mostly flat.

Market rates for cotton yarn changed very little and mostly the product prices remained stable. Polyester yarn 32s indicated a slight hike, currently at 14,800 yuan per ton. Polyester and cotton yarn 80/20 45s raised by 100 yuan per ton.

Rayon yarn price continued to demonstrate a weak trend, where as polyester and viscose remained steady. PSF price stabilized. Market outlook of pure polyester yarn is expected to stay in consolidation.

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Fibre2fashion News Desk - China

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