Polyester filament market continued to fall, due to sluggish sales in previous days. One direct spinning factory in Shengze area, reduced FDY offers by 800 Yuan per ton and POY price was cut by 200-500 Yuan per ton.
Overall polyester filament produced in Wuxi, Xiao and Shao and sold in the Shengze and Jiaxing markets fell in general. Polyester filament prices in Shengze and Jiaxing markets remained stagnant and appeared fragmented.
From the view of variety trend, DTY75D/36F and 150D/48F still had demand, market price of DTY75D/36F (net) was 18,600 Yuan per ton, and supply was tight. Market price of DTY75D/72F dull was relatively stable, while trade volume was clearly insufficient.
Sales of POY filament were poor; trade volume of POY filament (net) was light. Trade volume of mainstream FDY50D/24F and 68D/24F was better, current prices were 19,200 Yuan and 18000 Yuan per ton, respectively, while buyers were cautious towards accepting 63D/24F at a price of 19000-19400 Yuan per ton.
At present, purchase volume of downstream and texturizing sectors has shrunk extremely, as their operating rates have declined. Chemical fiber spinning manufacturers intensified promotion of sales. With low sales rate, polyester filament market is expected to maintain a falling trend.
Trade volume of differential cationic filament was moderate. At present, price of raw materials was stable, but purchasing power in downstream market was flat. Cationic filament market is expected to mainly be based on an adjustment.
Polyester / polyester composite filament market was flat, price focus in actual transaction lowered. Market sales of island composite filament were fair, demand of 225D island filament was larger. Demand of FDY filament improved. PET / PA composite filament market was light.
Market focus of polyester / nylon composite filament DTY160D/72F × 16 warp was 19,800 Yuan and 18800 Yuan per ton for weft. Polyester / nylon composite filament market is expected to be stable.
Transaction price of semi-dull chips in the spot market was 11,900 Yuan / ton (3-months acceptance and to be delivered to buyers), while mainstream price was 11,800 Yuan / ton (cash payment).
Trade price of bright chips was 11,800 Yuan / ton in spot market (to be delivered in short distance in 3 months) and mainstream price was 11,600 ton / ton (cash payment).
Trade spot price of CDP chips stood at 12,900 Yuan / ton (6-months acceptance and to be delivered to buyers) and that of PET bottle chip was quoted at 11,900 Yuan / ton. Trade volume was very light.
Fibre2fashion News Desk - China
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