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

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Poojaa Kumar Deepak
Zeven

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Madhu Jain
Madhu Jain

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
April 2017

April 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