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Cationic filament may witness moderate correction
30
Dec '10
In the last few days, cationic polyester filament prices were steady after being suppressed in earlier times. In Shengze market, the prices rebounded on December 22, being driven by polyester filament market; trade volume of cationic filament significantly rose, while prices stabilized.

Among FDY filament products, current trade prices of FDY63D and 150D were at 16,000 Yuan / ton and 13,800 Yuan / ton, slightly lower than the previous week. Current prices of 75D and 100D were at 15,600 Yuan / ton and 14,800 Yuan / ton, respectively and that of FDY200D and 300D were at 13500/ ton and 13400 Yuan /ton, respectively.

In addition, market prices of POY and DTY also lowered by 100-200 Yuan / ton compared with the previous weekend.

Looking at trade varieties, FDY30D, 50D and 63D still had greater demand, as they are mainly for the production of imitated silk fabrics.

Judging from the purchasing power over the weekend, procurement initiative of downstream weaving sector reduced, while CDP chip market remained stable and market price was at about 12,200 Yuan / ton, in terms of six-months acceptance. Therefore, the overall market of cationic filament is expected to most likely witness a moderate correction next week.

Fibre2fashion News Desk - India


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