Home / Knowledge / News / Textiles / PSF market displays weak consolidation
PSF market displays weak consolidation
Mar '11
In the previous week, Chinese domestic polyester staple fiber market showed a weak consolidation due to continued light trade activities.

Polyester staple fiber market price fell about 200-300 Yuan / ton and sank below 15,000 Yuan / ton mark, as PTA and US cotton futures markets fell in the week before.

Although cotton and PTA futures markets began to sharply rebound in the week under review, transactions in polyester staple fiber market did not improve.

Lack of transactions has become the biggest obstacle to polyester staple fiber price. Sales of polyester staple fiber were in the doldrums, due to which, inventory pressure increased.

Recently, price of international crude oil futures market went up and NYSE oil futures topped $100 / barrel mark, a record high in two years.

At the same time, PX price was flat and rose marginally. Offers for domestic goods were 11750-11800 Yuan / ton and offers for overseas goods were about US $1,530 / ton.

MEG market also adjusted, mainstream offers for domestic goods were 9950-10000 Yuan / ton and offers for overseas goods were at US $1,270 / ton.

Currently, Chinese mainstream market price of polyester staple fiber 1.4D ranged between 14,800-15,000Yuan / ton (cash or acceptance), down 200 Yuan/ ton from its previous week.

Pre-offers of March PSF contract from SINOPEC for 1.4D half-light is 15,300Yuan / ton, 1.2D semi-dull 15,350 Yuan / ton and 1.2D bright 16,300 Yuan / ton.

Pre-offers of March polyester chip contracts from SINOPEC for semi-dull, bright and industrial yarn chips are 14,000 Yuan / ton, dull-class chips are at 14,800 Yuan / ton.

Polyester chip market has maintained an adjustment phase and mainstream spot market price is about 13,900-13,950 Yuan / ton.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search