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Cationic filament market to weaken further
17
Nov '08
In the week that ended November 16, sale of cationic filament products was weak and price declined due to poor market trend of polyester filament.

Cationic filament quotations of FDY 50D/24F, 68D/24F and 100D /48F were 12500, 10500, 9300 yuan per ton, respectively, showing a trend of sharp drop from their previous price level. Besides, DTY and POY prices also plunged to varying degrees.

The key reason for the slump in cationic filament market is that upstream raw material prices crashed. The price of cation slice fell by 300 yuan per ton, with current the buyout price for short route delivery stands at 7000 yuan per ton.

Lack of cationic filament demand from downstream textile market has increased pressure on sales of cationic filament and added support to the downward trend.

Market participants feel cationic filament market will weaken further due to lack of support and demand.

Fibre2fashion, News Desk - China

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