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Polyester market acquires stability
Aug '08
On Monday, August 25, PTA, MEG prices adjusted. Prices of semi-dull and bright polyester chip, CDP slice showed a temporary stability. With sluggish demand, PET bottle chips price temporarily stabilized.

Acrylic staple 1.5 D × 38mm, acrylic top 3D × 102mm were stable in price trend; CPL, nylon 6 slices also moved amid temporary stability.

Trade volume of polyester filament stabilized; market trend indicated further upward momentum. Ex-factory price of FDY in Shengze raised by 100 yuan per ton; individual POY plants also hiked their prices.

At present traders are actively shipping out goods, but inventories are low; most of them lack confidence in future market. However, experts suggest that the market is most likely to acquire a stable operation.

In yarn market, overall cotton yarn prices changed very little, in other words, we can say prices remained stable. Polyester yarn 45s was salable. Rayon yarn price continued to remain steady.

Prices of polyester-viscose yarn, polyester-cotton blended yarn entered stable conditions. Looking at product sales, all cotton yarn J21s, 32s still saw dynamic market demand, as they are mainly used in jet weaving.

For Further statistics click here

Fibre2fashion News Desk - China

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