Home / Knowledge / News / Textiles / Polyester market reverses declining trend
Polyester market reverses declining trend
16
Jul '10
In the past few days, the Chinese domestic polyester staple fiber market has stabilized under the influence of external factors. Prices have increased slightly and trade conditions have also improved marginally.

The global oil market rebounded since last weekend and market confidence has been restored, due to which price of polyester staple fiber reversed from the declining trend. At present, polyester staple fiber industry is maintaining a high operating rate.

There is a semblance of a certain profit margin, inventory remain in normal range, which may basically last for 7-10 days. Prices of crude oil futures rebounded several times in the week, sending the market into repeated volatility, but fluctuation was not large.

While crude oil prices increased, PX prices declined, current level of Asian price was close to US $800 per ton, which could not give support to any increase in prices of PTA.

Currently, PTA spot market continues on a weak trend, offers for domestic goods maintained around 7,050 Yuan / ton, while offers for overseas products were $850 / ton.

MEG market was also weak, transaction atmosphere was moderate, negotiation price for domestic supply was 5,800 Yuan / ton and negotiation price for overseas supply was $700 / ton.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Johan Berlin
InvestKonsult Sweden AB

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

Mark Paterson
Technical Absorbents Ltd

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

news category


Related Categories:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search