Home / Knowledge / News / Textiles / Spot import market gets mixed reaction
Spot import market gets mixed reaction
20
Jan '09
Spot import market of Glycol sees strong demand, due to the narrowing gap between domestic and overseas market. As US Dollar has strengthened its position in the market and RMB stabilizes, many traders have started purchasing raw materials. It has been observed that current situation has triggered huge inquiries in the market.

In Southern China market, mainstream quotation is at 4800-4900 yuan per ton. With the Spring Festival approaching, demand is not brisk, but holders are not willing to sell at cheap price; they intend to keep stocks over the Chinese New Year, therefore, prices are expected to go up.

On the other hand, spot import market of PTA appears insipid; market inquiries are scarce, only few polyester plants show urgent buying demand for recently arrived cargo, trading price stood at about US $645 per ton. Mainstream level of negotiations still remains at $635-640 per ton.

In East China, market sentiment of semi-dull slice is in the doldrums; downstream demand showed poor status; mainstream negotiation level is at $6050-6150 per ton. With cash or acceptance within 3 months, some transactions were concluded below $6000 per ton.

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Robert Brunner
Devereux

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

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search