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April 21 witnesses a steady market for PF

23
Apr '08
This Monday, on April 21, PTA prices went under suppression, MEG market prices plunged; Prices for Semi-dull and bright polyester chips trimmed down, CDP chips softened, PET bottle slice was in consolidation, and market transactions were as usual.

Acrylic staple 1.5 D × 38mm, acrylic top 3 D × 102mm prices were in consolidation; CPL, nylon 6 chip prices lowered.

Although market price of polyester filament was steady, but actual dealing prices were irregular; with strong wait-and-see mentality from weaving enterprises in lower reaches, procurement movement of raw materials was generally slow and overall trading volume was small.

FDY production and marketing rate was about 70-90 percent, inventories stocked in previous time were still difficult to decline in short term, it is expected that overall market of polyester filament will continue to face weak market adjustment.

Yarn and thread market kept a smooth correction, cotton yarn 32s had better sales. Prices of polyester and viscose yarn, polyester and cotton yarn products remained stable. Pure polyester yarn market was sluggish. Currently pure polyester yarn 45s was better than other specifications; the latest market central price was at 15,600 yuan per ton.

Market focus price of PSF was at 11,300 yuan per ton, down 50 yuan from the end of last week. Rayon yarn price lowered further, mainly due to recent decline of VSF price, Monday VSF cut 100 yuan per ton to the latest market central price 19,050 yuan per ton. The outlook of rayon yarn market is expected to continue a downward trend.

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Fibre2fashion News Desk - China


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