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Raw material prices on adjustment mode
23
Nov '10
On November 22, PTA price showed adjustment, MEG price was under suppression, prices of semi-dull polyester chips and super bright polyester chips lowered, CDP chip price fell and that of PET bottle chip, declined.

Acrylic staple fiber 1.5D × 38mm, acrylic top 3D × 102mm prices adjusted, CPL price corrected and nylon 6 chip price fell amid steadiness.

Polyester filament market continued on a downward trend Monday, and the fall ranged between 300-800 Yuan / ton. It was reported that an individual POY spinning plant in Xiaoshan cut its price by 1,500 Yuan / ton.

The market remained stagnant, as downstream textile companies showed less enthusiasm in purchase, trade volume was small, low-cost products gained the upper hand, due to which, sales of some high-priced products were affected.

Although overall operation rate of downstream water weaving plants was stable, bulk purchase of filament was still small, the market looked basically cautious and filament was bought in accordance with production needs.

Spinning factories faced sales pressures and they promoted sales by cutting prices in order to reduce inventories. Therefore, polyester filament market is expected to remain in a weak state in the short term and does not rule out the possibility of prices falling further.

Sales of all varieties of cotton yarn stable, however, prices continued to show a declining trend and viscose yarn prices fell amid stability. Polyester (80)/ cotton yarn (20), 32s and 45s still had demand; while polyester/ cotton yarn market fell across the board.

Polyester yarn market was in downturn and prices fell. 32s and 50s had no demand, while 45s was still saleable, as it is mainly used in production of polyester-cotton lining series.

Polyester staple fiber price significantly decreased. Rayon yarn 30s was still saleable, as it is mainly used in production of diamond cotton fabrics, while trade volume of other specifications was small. Rayon yarn market is expected to show a modest downward trend in the short term.

Fibre2fashion News Desk - China

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