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Polyester trade may improve post-Olympics - Experts
09
Aug '08
Textile raw material industry has experienced many ups and downs in past year. After remaining firm for months, the product prices have started to drop, owing to several factors.

With the sudden crash in oil prices since mid-July, PTA and PET rates also recorded considerable fall.

Reportedly, the price of POY filament went down 300 yuan per ton, that of DTY filament slid 200 yuan per ton and the price of FDY filament plummeted 100 yuan per ton.

Other polyester filament products are also showing sluggish trend. DTY 75D/36F costs at about 15200 yuan per ton, FDY 100D/36F revolves around 13200 yuan per ton and POY 100D/36F ranges near 12200 yuan per ton.

Experts believe, now that the 2008 Beijing Olympic Games have begun, the temporary market boom will end and the condition of polyester filament market will worsen.

There are several reasons for this slump. For instance, many textile manufacturers cut down production due to high production cost and weakening US economy.

Several plants were forced to close down as they were unable to cope with international trade pressures.

Besides, many dyes and chemical factories were closed down for the Beijing Olympics.

All these factors have led to steady decrease in demand of polyester filament.

However, some analysts say that the situation may improve as dyes and chemical plants will restart operation after the Games.

This will help enterprises to offer products of better quality and provide wide range of variety, which will then attract bigger import orders.

Fibre2fashion News Desk - China

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