In the past seven days, cationic filament in Shengze market faced insufficient purchasing power, due to the decline in prices of upstream raw materials and market price continued to fall.
Currently, FDY50D, 100D, 150D in Shengze and Jia Xing markets were quoted at 17,500 Yuan / ton, 15,600 Yuan / ton and 15,400 Yuan / ton, down from the previous week, while sales of FDY63D and 75D were fair, as they are directly used for production of jacquard linen materials, and jacquard imitated linen fashion when woven with DTY75D. DTY, POY prices trended slightly lower.
The decline in cationic filament prices has mainly been influenced by fall in trends of cationic polyester chips, as its price has dropped to about 13,000 Yuan / ton (6-months acceptance).
Secondly, manufacturers have cut prices to promote deliver and in order to ensure a balance between production and sales and the last but not the least, the downstream fabric market is entering into an off-season mode, so, demand of cationic filament is difficult to expand.
Cationic silk market is expected to see further decline in the next week.
Fibre2fashion News Desk - China
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