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Textile raw material prices witness rosy day
Apr '11
On Tuesday, China's markets of various textile materials witnessed a rosy day with most of the varieties registering price rise. In different varieties, PTA spot prices continued the upward trend, MEG price too improved.

While CDP chip price showed transient stability, prices of semi-dull polyester chips and super bright polyester chips climbed. PET bottle chip closed on a positive note too. Acrylic staple fiber 1.5D × 38mm, acrylic top 3D × 102mm showed adjustment in prices. CPL prices declined and nylon 6 chip price remained stable.

On the other hand, cotton yarn and rayon yarn prices fell while polyester yarn market remained steady. Viscose yarn, polyester/ cotton yarn and other blended yarn market changed little with limited trade volume.

As per market reports, pure cotton yarn 21s and 32s were in big demand while other specifications were relatively quiet.

The market was drawn by strong price rise of PTA futures and rebounded sales of spinning factories during the weekend. Due to these reasons, individual factories made slight price rise in the opening session.

A major direct spinning factory in Shengze increased its FDY products' price by 100-200 Yuan while some other DTY products' too rose by 100 Yuan / ton. In addition to that, two direct spinning factories increased prices of some selected FDY varieties.

In most markets, sales of polyester filament improved despite price rise of raw materials. As spinning factories have started taking deliveries to ease their inventory pressures, the market witnessed improvements. But a possibility of an upturn in individual factory prices is not ruled out.

Polyester staple fiber 1.4D × 38mm was traded at around 13,900 Yuan / ton. Viscose staple fiber price weakened closing at 24,500 Yuan / ton.

Polyester yarn market was stable and the latest offers for 45s and 50s stood at 20,900 Yuan / ton and 22,200 Yuan / ton respectively. Sales of rayon yarn 10s and 30s were promising too. Though the market witnessed an upward trend, Rayon yarn market is expected to decline amid a moderate consolidation.

Fibre2fashion News Desk - China

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