Home / Knowledge / News / Textiles / High crude stimulates overall market activity
High crude stimulates overall market activity
23
Sep '08
Due to strong rebound in international oil price on Monday, September 22, trade volume of PTA futures experienced a significant rise; spot market price also surged. On one hand, MEG prices moved up and Semi-dull and bright polyester chips followed the same trend and on the other, prices of CDP chips, PET bottle chips consolidated.

Acrylic staple fibre 1.5D × 38mm, acrylic top 3D × 102mm were stable; CPL, nylon 6 chips were slightly increased.

While most transactions were scattered in small quantities, polyester filament market remiained stable as a whole.

At present, overall polyester filament market especially the spinning factories and traders have adopted a wait-and-see attitude. The market is expected to see little change in short-term.

Yarn market was relatively stable, from sales of varieties, cotton yarn 21s and 32s were salable; rayon yarn market looked weak. Viscose / polyester yarn had very small change in both trade volume and price.

There was a demand for polyester yarn 32s, but prices of 45s and 50s declined. Individual varieties of 90/10 polyester-cotton yarns also fell.

Polyester staple fibre price lowered again on the day, market average price fell to 10,550 yuan per ton. Market experts expect that polyester yarn price would move lower further.

For further statistics click here

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search