Home / Knowledge / News / Textiles / Chinese PSF outlook contradictory
Chinese PSF outlook contradictory
25
Feb '11
In the last few days, domestic market conditions of PSF looked more contradicted, market price was high, while market transactions were poor, and market situation looks difficult to improve.

Current market price of PSF was above 15,000 Yuan per ton, purchase situation of downstream sector was better, but procurement initiative of enterprises was not high, as high cost brought meager profits to enterprises.

Sales conditions of polyester staple fiber makers were not optimistic, business inventories increased, inventories of most enterprises could last 15 days. Such market stalemate may extend into March when operations of downstream firms recover completely.

Settlement prices of February polyester chip contract set by Sinopec Group are; semi-dull chips at 13,650 Yuan / ton, bight chips and industrial yarn chips at 13,550 Yuan / ton, dull-class chips at 14,450 Yuan / ton.

Polyester chips market has entered an adjustment phase,
mainstream price in spot market is about 13600-13700 Yuan / ton.

Settlement prices of February PSF contract from Sinopec Group are; for 1.4D half-light 15,100 Yuan / ton, 1.2D semi-dull 15,150 Yuan / ton and 1.2D bright at 16000-16050 Yuan / ton.

Real-time quotation for 1.4D semi-dull is at 15,600 Yuan / ton, 1.2D semi-dull is at 15,650 Yuan / ton, 1.2D bright is at 16600-16650 Yuan / ton

Currently, mainstream market price of polyester staple fiber 1.4D in China ranged 15000-15200 Yuan / ton (cash or acceptance), the price rose 100 Yuan/ ton compared with previous week.

Fibre2fashion News Desk - China


Must ReadView All

Apparel/Garments | On 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Apparel/Garments | On 21st Sep 2017

BFC announces partnership with Chinese firm JD.com

The British Fashion Council (BFC) has forged a new partnership...

Textiles | On 21st Sep 2017

Indonesia’s textile exports may reach $15 billion by 2019

Indonesia’s textile-related exports are projected to reach $15...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search