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PSF & VSF prices ascend
Feb '11
PTA price slightly set back, MEG offers showed a consolidation trend, semi-dull and super bright polyester chips adjusted, CDP chip price was stable and PET bottle chip price was under transient stability.

Acrylic staple fiber 1.5D × 38mm, acrylic top 3D × 102mm were under price adjustment, while CPL and nylon 6 chip prices continued to rise.

Polyester filament prices were still quite subdued with moderate trade volume, traded varieties were mixed, but offers of polyester filament remained stable. For example, POY150D/48F produced in Tongxiang was offered at 14,700 Yuan / ton.

Operational recovery of downstream weaving and texturising factories has not been up to satisfactory level after the Spring Festival, plus PTA futures market was weak, polyester filament market was covered with waiting-and-seeing sentiment and polyester filament procurement was generally based on cautious tone.

Although polyester filament market was difficult to find demand support, aggregate costs provided relatively high-level support. Short-term polyester filament market is expected to maintain a stable trend amid adjustment.

Polyester staple fiber market increased amid a steady trend. Viscose staple fiber market enlarged trade volume, price moved higher. Rayon yarn 30s expanded trade volume, while other products were quiet.

Fibre2fashion News Desk - China

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