Polyester filament market continues the dull outlook

01 Jul '08

2 min read

This Monday, on June 30, PTA price rebounded slightly and MEG price further adjusted. Semi-dull and bright polyester chips continued to fall along with CDP chip; polyester bottle slice price was in consolidation.

Price of Acrylic Staple 1.5 D × 38mm was stable, acrylic top 3 D × 102mm price increased; prices of CPL, nylon 6 slices trimmed.

Polyester filament market continued to look dull; offers from local spinning factories basically remained unchanged. Although, trade volume was not large, weaving factories from lower reaches held a wait-and-see posture. In the meanwhile, no bulk transactions were made in the market and traders held a limited buying mode.

Taking into account of inventories, sale and other factors, chemical fiber-spinning facilities provided price concession to buyers in actual transaction. Current production and marketing rate of chemical fiber spinning factories is at 50-60 percent; the rate of some manufacturers is even lower, inventories have increased accordingly; while outlook of polyester filament market is expected to follow a negative trend.

All cotton yarn prices were in consolidation trend; trade volume still concentrated in 32s, J40s yarn. Nylon / cotton yarn products (air jet) had better demand.

Prices for individual varieties like 40s/2 and 50s fell; but sales volume of 10s enlarged with stable price. Transaction volume of Polyester and Viscose yarn 40s/2 expanded whereas the price remained steady.

Market trend of polyester/cotton yarns, and polyester yarns were stable.

PSF, VSF prices remained unchanged, average market prices were at 11,900 yuan per ton and 15400 yuan per ton, respectively.

Outlook of yarn market is expected to mainly stay in a consolidation trend.

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