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Market outlook remain steady
20
Jan '09
On Monday, January 19, PTA, MEG prices adjusted, quotations of semi-dull and bright polyester slice were steady. Prices of CDP slice, polyester bottle piece looked temporarily stable.

Acrylic fibre 1.5D×38mm, acrylic fibre top 3D×102 mm consolidated, CPL, nylon 6 chip prices moved sideways.

Trade volume of polyester filament market showed little sign of growth; variety transaction looked more scattered in disorder, after the announcement of settlement level for January contract, ex-factory prices of chip manufacturers start to turn upward, due to cost influence.

Mainstream price of FDY 63 D pushed as high as 8700-8800 yuan per ton. Ex-factory prices from direct spinning plants were stable as a whole, but they showed intention to raise their price in few days.

At present, raw materials for PTA, MEG see marginal upward trend in prices; semi-dull polyester slice reached 6400 yuan per ton as supply was limited. Now stock pressure of spinning factories was light due to cost influence, market outlook of polyester filament is expected to push higher amid fluctuation.

Overall market trade volume of yarns was still poor; trade volume of cotton yarn shrank, price moved flat. From market movement, cotton yarn 32s was still salable, current price was quoted at 17800 yuan per ton.

Polyester yarn price shifted slightly with small trade volume. Polyester / viscose yarn market price was steady, but trade volume was still small;

Rayon yarn market looked weak and trade volume of 10s was small. Other items performed relatively steady.

Market outlook is expected to follow a steady adjustment.

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