Home / Knowledge / News / Textiles / Enterprises grow anxious as PSF market steps down further
Enterprises grow anxious as PSF market steps down further
09
May '08
May Day holidays did not really have any effect on the weak Polyester Staple Fibre (PSF) market which continues to remain feeble while while stocks continued to rise.

Prices for PSF in some of the major markets showed no signs of checking the downtrend and dropped down to 11,000 yuan per ton. It being the traditional production season, the low price levels have aroused concerns regarding PSF trend for the entire year.

Tianjin Petrochemical and Luoyang Petrochemical from Sinopec Group has continued to lower their PSF offers. Current price for 1.4 D is 11,400 yuan per ton, for 1.2 D its 11,450 yuan per ton while 1.2 D bright stands at 11,600 yuan per ton. On the whole, prices are down by 200 yuan per ton from the offer in April.

Infact, prices for 1.4 D PSF in the domestic mainstream market range between 10,800-11,000 yuan per ton.

Coupled with declining price trends are the unimproved market turnovers which explains why inventory pressures have been mounting. The situation is getting so grave that PSF manufacturers have started announcing their plans of reducing production.

This according to the experts, seems to be the only viable option to stabilize the market situation since waiting for it to get better on its own may be too much to expect.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search