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Trade volumes fall as PSF prices rise
16
Apr '10
In the past seven days, the Chinese domestic Polyester Staple Fiber (PSF) market witnessed fluctuations. Though prices rose, trade volumes did not improve, which depressed PSF producers, as a few of them are incurring losses and are desperate to increase prices.

Beginning from April 9, PSF producers, collectively increased prices of the fiber as polyester filament prices had also gone up. But since then, downstream enterprises have adopted a wait and watch attitude and are not committing themselves to any fresh PSF purchases.

Pre-offers for April contract of polyester chips by Sinopec Group: semi-dull slice stood at 10,100 Yuan / ton, bright chips and industrial yarn slices at 10,200 Yuan / ton and dull-grade slice at 10,900 Yuan / ton.

Pre-offers for April contract of polyester staple fiber by Sinopec Group were, 1.4D semi-dull at 10,800 Yuan / ton, 1.2D semi-dull at 10,850 Yuan / ton and 1.2D semi-dull at 11400-11450 Yuan / ton.

Fibre2fashion News Desk - India

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