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Chinese PSF prices on weak wicket

16
Dec '11
China's domestic price of polyester staple fiber continued to drop in November and overall trade in the market was light. The market fell from 12,050 Yuan / ton at the beginning of November to below 11,000 Yuan / ton in mid-November.

Although manufacturers prevented the price from declining by limiting production at the end of the month, the market still underwent a weak adjustment, due to falling prices of downstream yarn.

The current PSF market has consolidated around 10,650 Yuan / ton. The fiber market price dropped more than 1,700 Yuan / ton in November, when compared with previous month.

Market analysts believe that it would be difficult for PSF market to reverse trends in the short-term, as PSF production enterprises are still under high stock pressures.

Fibre2fashion News Desk - China


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