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Polyester filament market lukewarm
22
Feb '11
On February 21, PTA market set back amid shocks. MEG offers were under suppression, semi-dull and super bright polyester chip prices slightly declined, CDP chip price was stable and PET bottle chip price showed transient stability.

Prices of acrylic staple fiber 1.5D × 38mm and acrylic top 3D × 102mm adjusted, CPL price corrected and nylon 6 chips was stable.

Polyester filament market was in a lukewarm state, as PTA futures fell sharply on Friday, current spot price of PTA set back, downstream textile companies showed lower enthusiasm of purchase, market trend of polyester varieties seemed more fragmented.

Currently offers from spinning factories were temporarily stable, but sales price was more flexible in operation.

Looking at trade activities of downstream fabrics, water-jet weaving sector was more difficult, weaving sector was barely able to afford filament price and texturising manufacturers adopted a hand to mouth approach.

DTY was also at a marginal state, synthetic spinning manufacturers quietly waited for settlement price of the month. Polyester-based market is expected to introduce a temporary adjustment in the short term.

Polyester staple fiber price corrected, Viscose staple fiber price too firmed up. Sales of cotton yarn market were steady on the day, market prices continued to rise; viscose yarn price showed a steady increase. 32s and 45s in P/C 80/20 still had demand.

Polyester yarn market increased, sales of 32s and 50s were poor, trade activities of 45s were fair, as it is mainly used in production of polyester-cotton lining series. Polyester staple fiber price was under correction.

Rayon yarn 30s had good demand, as it is mainly used in production of diamond cotton fabrics, while trade volume of other rayon yarns was small, but prices continued to increase. Rayon yarn market is expected to see a moderate upward trend.

Fibre2fashion News Desk - China

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