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Textile raw material market on upward curve
25
Jan '11
PTA, MEG, semi-dull and super bright polyester chip, CDP chip and PET bottle chip price moved upward. Acrylic staple fiber 1.5D × 38mm, acrylic top 3D × 102mm prices were under adjustment, CPL price showed temporary stability and nylon 6 chip price lifted.

Polyester filament moved higher after opening on Monday, due to lower stocks of spinning factories and increasing costs. One major spinning manufacturer in Shengze raised its ex-factory price of DTY by 300-500 Yuan /ton, while POY, FDY prices were temporarily stable. One factory in Wuxi increased its offers of semi-dull FDY129D/36F to 14,800 Yuan / ton.

Prices of filament produced in Xiaoshan area but sold to Shenze and Jiaxing markets also increased, of which POY150D/48F was quoted at 14,200 Yuan / ton. As traditional Chinese New Year approaches, downstream weaving and texturizing sectors are gradually reducing operational rates.

Spinning manufacturers hold low stocks of polyester filament, plus with the limit-up of PTA futures on the day, PTA spot price increased as holders became reluctant sellers, MEG price also rose, polyester filament market is expected to maintain an upward trend, being boosted by cost factors.

Viscose staple fiber price was firm; the latest market price was 26,000 Yuan / ton. Polyester staple fiber price too rose strongly.

Cotton yarn market rose, but trade volume declined. Cotton yarn 32s and 40s had better demand, while sales of other specifications were light. Blended polyester/cotton yarns saw price increase in individual products. Among blended yarns, viscose yarn little changed, trade volume was light, and price remained stable.

Fibre2fashion News Desk - China

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