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Polyester FDY market looks more cautious
26
Feb '11
In recent days, polyester FDY market looked more cautious, market price was basically stable, but downstream demand weakened, trade volume remained at low level.

Market price faced slight pressure; low-cost sources appeared frequently. Enterprises adopted some concessions to promote sales. Overall sales rate was not high, stocks increased and pressures began to appear.

Latest offers from major FDY companies remained stable.FDY40D/24F semi-dull was offered at 20,000 Yuan / ton, FDY50D/24F semi-dull was offered at 18,900 Yuan / ton, FDY40D/24F bright was offered at 20,200 Yuan / ton and FDY50D/24F bright was offered at 19,400 Yuan / ton.

FDY market is expected to maintain a short-term adjustment.

Fibre2fashion News Desk - China

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