Home / Knowledge / News / Textiles / PSF market displays small volatility
PSF market displays small volatility
02
Aug '10
In the last few days, the Chinese domestic polyester staple fiber market showed a small volatility and prices stayed steady, but at the same time the market trade tried to focus on lower price.

Currently, operational rate of polyester staple fiber industry has declined, due to electric cuts enforced in Zhejiang province. However, business inventories are in the normal range, which can basically last 10 days.

Raw material procurement from downstream firms maintained a normal rhythm in an unhurried pattern of buying from hand to mouth. The release of monthly settlement price of polyester staple fiber also played a stabilizing role.

Prices of international crude oil futures rebounded modestly recently, but the price failed to strike the US $80 per barrel mark and stood at $77 per barrel.

PX market rebounded several times in the week; currently the price was close to US $900 / ton in Asia, directly supporting the price rebound of polyester raw material market.

PTA spot market was more cautious, market quotations for domestic goods were 7050-7100 Yuan / ton and talk level for overseas supply was $855 / ton.

MEG market was fair, mainstream offers for domestic goods were 5950 Yuan/ ton, while offers for overseas supply were $710 / ton.

Sinopec Group announced settlement prices of polyester chips for July contract. Price of semi-dull chips is 9300 Yuan / ton, price of bright chips and industrial filament grade slice is 9200 Yuan / ton, price of film grade chips is 9250 Yuan / ton and price of dull chips is 10,100 Yuan/ ton.

Sinopec Group also announced pre-offers of polyester chips for August contract. Price of semi-dull chips is 9300 Yuan/ ton, price of bright and industrial filament grade chips is 9300 Yuan/ ton and price of dull chips is 10100 Yuan/ ton.

Polyester chips market was mainly based on consolidation and mainstream offers were 9100-9150 Yuan / ton.

Settlement prices of polyester staple fiber for July contract of Sinopec Group. Price of 1.4D semi-dull is 9850 Yuan / ton, 1.2D semi-dull is 9900 Yuan / ton, 1.2D bright is 10450-10500 Yuan / ton (to be delivered to buyer's destination).

Pre-offers for August contract. 1.4D semi-dull is 10000 Yuan / ton, 1.2D semi-dull is 10,050 Yuan / ton and 1.2D bright is 10600-10650 Yuan / ton (to be delivered to buyer's destination).

Fibre2fashion News Desk - China

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Johan Berlin
InvestKonsult Sweden AB

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

Madhu Jain
Madhu Jain

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

Sanjukta Dutta
Sanjukta's Studio

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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