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Market adopts a wait-and-see attitude

19
Aug '08

On Monday, August 18, market scenario in the domestic region was quite stable as PTA prices settled down; MEG, semi-dull and bright polyester chip and CDP chip prices also consolidated and PET bottle slice price went lower.

Acrylic Staple 1.5 D × 38mm, acrylic top 3 D × 102mm prices slightly moved up; CPL, nylon 6 slice prices were temporarily stable. However, polyester filament market still showed weak sessions. Sales of low-priced brands took lead in the market with moderate trade volume.

At present, fabric demand from the down stream market is not so optimistic. Weaving factories held a cautious wait-and-see attitude; cloth inventory and financial pressures were higher. Polyester filament market is expected to be flat in short term. PSF price will continue to move lower.

All cotton yarn prices were relatively stable in the market as a whole; demand of 32s, J40s was fair. Air-jet yarn saw better sales; Polyester and Viscose yarn market was dull, rayon yarn observed a little change; polyester and cotton yarn moved sideways.

Individual products of polyester yarns experienced decline in demand; at present polyester yarn 45s was better than other specifications in market sale. As PSF price will continue to decline, polyester yarns are expected to show a downward trend.

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