Home / Knowledge / News / Textiles / PSF prices rise on support from upstream market
PSF prices rise on support from upstream market
06
Aug '10
In the past seven days, the Chinese domestic market price of polyester staple fiber steadily rose, due to the rally in the raw materials market.

At present, production capacity of polyester staple fiber industry has slightly increased amid steadiness. Sales volume of pure polyester yarn declined slightly in the week.

Recently the US dollar has weakened and US crude inventories are expected to decline, which encourage continuous rise of international crude oil futures price.

The oil price has broken through US $80 mark and has stood at above $82 per barrel. Crude oil futures price too have exceeded the range of $70-80 per barrel.

PX market continued to rise, its current price level has surpassed $900 / ton in Asia, directly supporting the rebound in polyester raw material market.

PTA spot market weakened after a rebound. Market quotations for domestic stock were 7200-7250 Yuan / ton and discussing price for overseas supply was $895 / ton.

MEG market showed signs of adjustment, mainstream talks for domestic stock were 6400 Yuan / ton and offers for overseas supply stood at $780/ ton.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Ashok Desai
Bombay Textile Research Association

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Lynda Kelly
Suominen Corporation

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
January 2017

January 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