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: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Frank Gossmann
Rotorcraft AG

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

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eamonn Tighe
Nature Works LLC

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Ritu Kumar
Label Ritu Kumar

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search