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PSF imports in March mounts up
May '08
In the month of March, the country has imported 14,129 tons of polyester staple fiber, representing an increase 3,999 tons or 39.48 percent from February, but a year-on-year decrease of 29.62 percent, according to the latest Customs statistics.

During this month China expended US $21.64 million for purchasing PSF, shows a rise of 40.57 percent from the previous month. However, there was a fall of 18.74 percent from the same time last year. The average import price stood at $1,531 per ton, up $11 or 0.78 percent from February, representing a year-on-year hike of 15.45 percent.

In the period from January to March, China's total imports of PSF completed 36,239 tons, less 34.58 percent with import value reaching $54.89 million, down 26.26 percent; the average import price stood at $1,514 per ton, an increase of 12.73 percent compared with the same period last year.

Although China's import is seeing a decreasing trend, experts are quite happy to observe the rise in exports in the period from January to March.

In March, the country exported 39,672 tons of PSF, nearly 11,689 tons more, demonstrating a growth of 41.77 percent from the previous month and 3.61 percent from the same time last year.

Export value amounted to $49.37 million, up 40.51 percent from the previous month, and 17.64 percent from the same time a year ago; the average export price had gone down by $11 to US $1,245 per ton, a decline of -0.89 percent from the previous month, but up 13.53 percent over prior year.

From January to March, total exports of PSF realized 109,675 tons, a year-on-year increase of 28.98 percent and foreign exchange earned through exports marked $136.37 million, up 45.81 percent from the same time last year; the average export price stood at $1,245 per ton, a boost of 13.11 percent on year.

Fibre2fashion News Desk - China

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Courtesy: Commonwealth Bank of Australia

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