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Cation silk prices stabilizes in Shengze market
24
Jun '08
Last week, the period from June 16 to 22, although CDP chip price increased on Monday, its current buyout bid was at 12500-12600 yuan per ton in terms of general 6 months acceptance and delivery to short distance buyer. At the same time prices of some cation silk varieties moved up, but buying momentum of cation silk during this time declined from the previous week, especially in the second half.

Shengze market dynamics in the just past week, production and marketing of FDY 63D, 75D was fair, current prices were at 14,800 yuan per ton, 14,400 yuan per ton; these are mainly used for production of cation simulation silk fabrics.

In addition, POY75D was also popular, current price was at 13,800 yuan per ton, it is mainly used for production of composite filament.

Remaining products showcased a dull trend in the market, such as FDY 50D/24F at 16,200 yuan per ton, 100 D/36F at 13,800 yuan per ton, 200 D/96F and 300 D/96F at 13,400 yuan per ton.

Industry resources stated that cation silk market was stabilized. The main reasons were, the price fall of upstream raw materials in recent times, and subdued buying interest from the downstream players; in addition, CDP slice market also went into consolidation, weakening the driving effect on cation silk market.

Overall market of cation silk next week is expected to mainly stay in consolidation, with even limited space for price pullback of certain varieties.

Fibre2fashion News Desk - China

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