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Polyester filament market expected to rise marginally
26
Oct '10
On Monday, PTA and MEG prices climbed, semi-dull polyester chips and super bright polyester chips prices showed correction, CDP chip prices remained unchanged and PET bottle chip price was stable.

Acrylic staple fiber 1.5D×38mm and acrylic top 3D×102mm prices were under adjustment, CPL price consolidated and nylon 6 chip prices were stable.

Influenced by high October settlement of polyester raw materials, polyester filament market opened higher on the day. One spinning plant in Shengze, raised prices of all of its POY varieties by 100 Yuan / ton, but 75/144 rose by 200 Yuan / ton.

DTY prices grew by 100-200 Yuan / ton and price increase of individual superfine varieties of POY and DTY varieties was even larger. Sales of polyester filament improved, especially POY production and sales expanded.

Operation rate of downstream weaving sector is currently stable, market analysts believe that chemical fiber spinning factories still show intention to increase prices as October contract settlement of polyester raw materials and chips has been announced. Polyester filament market is expected to increase slightly in the next few days.

All cotton yarn prices continued to show some upward trend, trade volume still concentrated in 32s and 40s. Demand for other specifications was flat.

Rayon yarn 10s had strong demand, price showed upward intention. Trade volume of viscose yarn 40s enlarged. Polyester/ cotton yarn was flat in trade volume and price. Polyester staple fiber price remained stable, viscose staple fiber market increased. Rayon yarn market is expected to rise amid consolidation.

Fibre2fashion News Desk - China

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