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Prices of polyester declines on back of falling oil prices

13
Sep '08
An unabated drop is being witnessed in the polyester raw material market as part of an upshot of declining oil prices. Manufacturers and exporters in the downstream market have taken up a strong wait-and-watch attitude.

The present average operating rate of polyester industry has plummeted to 66 percent. On the inventory front, stock level of polyester filament is sufficient for another 16-20 days and stock volume of semi-dull polyester chips would last for about 13-15 days. On the other hand, inventory level of PET bottle-chips and PSF can sustain operation for nearly 14-16 and 20-23 days, respectively.

Fibre2fashion News Desk - China


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