Home / Knowledge / News / Textiles / Market holds a strong wait-and-see attitude

Market holds a strong wait-and-see attitude

06
May '08
Market prices for PTA, MEG were in adjustment on this Monday, May 5. Semi-dull and bright polyester chip prices settled flat, CDP chips, PET bottle slices consolidated in price.

Acrylic Staple 1.5 D × 38mm, acrylic top 3 D × 102mm prices moved sideways; CPL price unchanged, nylon 6 slice was stable.

Trading atmosphere of polyester filament was fairly thin, purchase enthusiasm of weaving enterprises from lower reaches was very less. Low-priced brands dominated the market; sales of some high-priced brands were disrupted. Currently trade volume of polyester filament was small;

Psychological emotion was very clear that people would buy in while market is up, no purchase when it is down; the market hold a strong wait-and-see attitude, therefore polyester filament is to show downward trend further.

Yarn market remained unaffected and rayon yarn products fell, cotton yarn and pure polyester yarn were in consolidation. Cotton yarn 40s had better demand, while other specifications were insipid.

In blended yarn products, prices of cotton and polyester yarn, polyester and viscose yarn products remained stable, turnover was small. Rayon yarn products fell in price, 20s and 30s cut 100 yuan per ton, due to recent decline in VSF price; yesterday VSF cut another 50 yuan per ton.

Market outlook of rayon yarn is expected to continue its downward consolidation.

For further statistics here

Fibre2fashion News Desk - China


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 7th Aug 2020

Bangla RMG units' orders saw 81% contraction in Apr: WTO

The pandemic has exposed Bangladesh's garment sector's sensitivities...

Pic: Shutterstock

Apparel/Garments | On 7th Aug 2020

Egypt's garment exports decline 24% in H1 2020

Exports of readymade garments from Egypt fetched $614 million in the...

Pic: Shutterstock

Apparel/Garments | On 7th Aug 2020

Turkish textile-garment sector seeks govt aid: ITKIB

Turkey's textile and garment industry has urged the government for...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Awen Delaval, Samatoa

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Nishank Patel, Shri Dinesh Mills Limited

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Shyam Gupta & Ravi Gupta,

Shyam Gupta & Ravi Gupta

Based out of South Delhi, Gargee Designer's provides bespoke formal and...

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search