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Textile raw material market round-up
21
Dec '10
On Monday, PTA price increased, MEG price looked steady, semi-dull polyester chips showed stability, super bright polyester chips declined, CDP chip price corrected and PET bottle chip prices stabilized.

Prices of Acrylic staple fiber 1.5D × 38mm and acrylic top 3D × 102mm prices adjusted, CPL price rose and nylon 6 chip prices were stable for the time being.

Polyester filament market has remained stagnant since the weekend, the market continued to fall on Monday. Sales of low-cost products prevailed. PTA futures rose in the morning, spot market of polyester raw materials was strong.

But operation rate of downstream weaving and texturing sector was lower, therefore, overall bearish sentiment on polyester filament market was not reversed. Most people believe that the market is expected to base on a short-term adjustment.

Polyester staple fiber market weakened, viscose staple fiber price was temporarily stable. Cotton yarn was stable in trade volume, price changes were marginal and trading varieties still concentrated in 32s and 40s.

Trade activities of rayon yarn 30 were active, but prices of individual species declined amid steadiness. Viscose yarn 40s / 2 enlarged its trade volume. Trade volume of polyester / cotton yarn was still small, price declined amid steadiness.

Fibre2fashion News Desk - China

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