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PET bottle slice sector shows sluggish trend - May 26

27
May '08
PTA, MEG prices moved up, semi-dull and bright polyester chip prices increased, CDP chip prices slightly lifted upward and PET bottle slice price saw sluggish trend on Monday, May 26.

China's exports of PET bottle slice (Customs Tariff: 39076011) reached 88,620 tons in April 2008, down 1,060 tons from 89,680 tons exported in March.

The average export price in April was at US $1,353 per ton, up $33 per ton from the average of $1320 per ton in March.

Acrylic staple 1.5 D × 38mm, acrylic top 3 D × 102mm prices consolidated; CPL, nylon 6 slices prices were unchanged.

Polyester filament market was fair, particularly coarse polyester FDY was more popular, and prices of some products went up.

Looking at current market situation, after the price hike, purchasing power from lower weaving reaches declined, spinning factories became more cautious towards price increase, polyester filament still had the possibility of making a slight boost in short term due to cost propellant.

In yarn market, except rayon yarn moved lower, cotton yarn and polyester yarn were in consolidation. Polyester yarn market was relatively stable. PSF price rose on the day. Rayon yarn product prices continued to drop, mainly due to recent decline in VSF price, the latest market focus level was at 16,700 Yuan per ton, down 100 Yuan per ton from the weekend.

It is expected that rayon yarn products will likely to record a downward movement.

For complete textile material price quotations on May 26 click here

Fibre2fashion News Desk - China


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