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

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

No restriction on cotton import via Karachi port: Dastgir

The government has not imposed any restriction on import of Indian...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Robert Brunner
Devereux

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search