Home / Knowledge / News / Textiles / Prices across polyester value-chain post decline
Prices across polyester value-chain post decline
28
May '10
In the past few days, domestic market of polyester staple fibers has set off on a downward trend, due to poor sentiment of raw materials market. Market sentiment is dismal and trade volumes are light.

Currently operating rates of polyester staple fiber industry are relatively stable, but sales are poor, inventories have once again started rising to the levels of more than half a month.

PX market too has significantly declined to below US $900 per ton and the market does not see an end to the fall. PTA spot market too has extended its losses.

Offers for domestic goods are around 7,050 Yuan / ton and those for overseas goods are around US $850 / ton.

MEG market continues to be weak, trade volume is light, offers for domestic goods are around 6,100 Yuan/ ton in mainstream and offers for overseas goods are around $750 / ton.

Settlement price of polyester chips for May contract announced by Sinopec Group fell by 450 Yuan / ton compared with the previous month. Price for semi-dull chips is at 9,800 Yuan / ton, price for bright chips and industrial grade chips is at 9,850 Yuan / ton, for film grade chips it is 9,900 Yuan / ton and for full-dull chips it is 10,600 Yuan / ton.

Polyester chips market appears in slight stalemate, the market is covered with strong watching sentiment, mainstream offers are around 9,000 Yuan / ton.

Settlement prices of polyester staple fiber for May contract set by Sinopec Group: 1.4D semi-dull is at 10,450 Yuan / ton; 1.2D semi-dull at 10,500 Yuan / ton, 1.2D bright at 11050-11100 Yuan / ton (to be delivered to buyer's destination)

Currently in the mainstream market, 1.4D polyester staple fiber is offered in the range of 9,600-9,900 Yuan / ton (cash or acceptance), which is down by 200 Yuan / ton compared with the previous week.

Fibre2fashion News Desk - China


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mike Hoffman
Gildan Activewear SRL

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


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