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Polyester filament price climbs amid shocks
05
May '10
In the past week (26/4-1/5), polyester filament prices climbed, trade volume improved. Prices rose by 200-300 Yuan per ton, particularly FDY performance was obvious.

But being impacted by the decline of PTA futures on Thursday, downstream resistance looked more obvious, trade volume of polyester filament shrank compared to Monday.

In the three-day's holiday period of Labor Day, polyester filament market continued to be sluggish, market sentiment was poor, trade volume was small.

This was due to the limitation of capital flows in the festival period, trade volume of filament reduced by two-thirds compared with that before the Labor Day.

Sales situation of FDY54D, 75D/36F continued to maintain progress. Super bright FDY150D had better demand as it is used in production of water-jet oxford cloth for bags and woof fabrics made of nylon.

FDY50D/48F, 72F, 68D/48F were offered at 16,200 Yuan per ton, 17,000 Yuan per ton and 14,900 Yuan per ton, respectively.

DTY 75D black filament also saw better demand, as it is used for production of black spots silk, black twill and other weaving lining.

Recently DTY75D/72F network filament witnessed better demand, prices of DTY75D, 100D, 150D, 200D remained unchanged, while market prices of DTY100D was confused in different levels.

200D/96F network filament priced at between 13,600-13,800 Yuan per ton. Ex-factory price of POY products increased by 50-100 Yuan per ton.

PTA and chips markets were weak, resistance from downstream market of filament increased after the rise of filament in previous days.

But most spinning factories held smaller stocks; therefore, polyester filament market is expected to provide a consolidation pattern.

Fibre2fashion News Desk - China

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