A sporadic rise was witnessed in polyester filament in Shengze and Jiaxing markets of China during last week, but trade volume narrowed.
Polyester filament FDY54D and FDY75D maintained their sales momentum during the week. The price of FDY75D increased to about 13,300 Yuan/ton owing to demand from downstream warp-knitted fabrics.
The prices of FDY100D and FDY150D also rose by 100 Yuan/ton and actual trading prices were in the range of 13,200-13,300 Yuan/ton and 12,800-13,000 Yuan/ton respectively, in the two markets.
Current market prices of POY yarns 50D/48F and 75D/96F are 13,000 Yuan/ton and 12,800 Yuan/ton respectively. Sales of POY50D were better due to demand driven by polyester/polyester composite filament, while sales of 75D/96F were flat due to slump in downstream velvet fabrics.
Prices of some DTY filament yarns increased, but demand remained moderate. However, prices of DTY100D/96F, 144F and 150D/144F, 288F network filaments increased on better demand. By end of the week, market entered a weak consolidation phase.
The prices of DTY black filament and FDY black filament also increased due to less stock in the market. These filaments are mainly used in production of black woven oxford cloth.
With the traditional Chinese Spring Festival approaching, downstream industries including weaving and texturing factories have decreased their operation rate, significantly impacting the market sentiment of polyester filament.
Fibre2fashion News Desk - China