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Polyester filament market remains stable
14
May '08
On Monday, April 12, PTA prices went upward, MEG market price sunk in correction. Semi-dull and bright polyester chip prices settled dull. Prices of CDP chip and PET bottle slice showed a temporary stablity.

Acrylic Staple 1.5 D × 38mm, acrylic top 3 D × 102mm prices were in consolidation; CPL fell slightly; nylon 6 slice price stayed in adjustment.

Polyester filament market basically remained steady; market sentiment slightly improved, in comparison, trade volume of POY elasticity filaments was a little better. Although polyester raw material price was firmer due to the rise in crude oil and PX, there was a greater pressure on cloth stocks and funds for lower reaches, coupled with high inventories in spinning factories. It is expected that polyester filament market is difficult to make any improvement in short term.

All cotton yarn prices continued to be in firm consolidation as a whole, prices were barely steady. Among blended yarn products, polyester/cotton yarn series remained stable; in polyester/viscose yarns, individual items lowered their prices. A small number of polyester yarn products also cut prices.

The latest market focus price of PSF was at 10,850 Yuan per ton, down 50 Yuan from the end of last week. Rayon yarn products continued to cut prices of some products. VSF price decreased further. It is expected that rayon yarn products will likely extend their downward trend.

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Fibre2fashion News Desk - China

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