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Polyester FDY gains highest in current rally
02 Jul '10
1 min read
In the week, polyester FDY market was the highest gainer in the current round of rally, fully indicating strong market demand for polyester FDY from downstream sector, business inventory of polyester FDY was almost digested, individual varieties were in short supply.
Entering this week, with the impact of bad news for economic environment and international crude oil prices continuing to decline, polyester raw material market turned weak again, limiting further rise in polyester prices.
Howevere, offers from major FDY enterprises rose sharply. FDY40D/24F semi-dull was offered at 16,100 Yuan / ton, FDY50D/24F semi-dull was quoted at 15,500 Yuan / ton, FDY40D/24F bright was offered at 16,200 Yuan / ton and FDY50D/24F bright stood at 15,500 Yuan / ton.
Currently, FDY inventory levels are low and a few enterprises have even run out of stock, due to which FDY market is expected to maintain strong trends in the short term.
Entering this week, with the impact of bad news for economic environment and international crude oil prices continuing to decline, polyester raw material market turned weak again, limiting further rise in polyester prices.
Howevere, offers from major FDY enterprises rose sharply. FDY40D/24F semi-dull was offered at 16,100 Yuan / ton, FDY50D/24F semi-dull was quoted at 15,500 Yuan / ton, FDY40D/24F bright was offered at 16,200 Yuan / ton and FDY50D/24F bright stood at 15,500 Yuan / ton.
Currently, FDY inventory levels are low and a few enterprises have even run out of stock, due to which FDY market is expected to maintain strong trends in the short term.
Fibre2fashion News Desk - China
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