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Polyester POY trends in consolidation mode
26
Feb '11
In the last few days, domestic price of polyester POY was mainly based on consolidation. Market price remained stable and trade volume was still at low level.

Production and sales rate was not high, business inventories rose, pressures began to appear. Therefore, POY enterprises have adopted some concessions in order to promote delivery.

Latest offers and settlement price from major POY companies remained stable. Settlement price of POY100D/36F was 15,450 Yuan / ton and pre-offer was 15,550 Yuan / ton.

Settlement price of POY150D/48F was 14,650 Yuan / ton and pre-offer was 14,750 Yuan / ton.

POY market is expected to maintain an adjustment situation in the short term.

Fibre2fashion News Desk - China

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