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Daily quotation of various textile materials on October 20

21
Oct '08
On Monday, October 20, PTA, MEG prices continued its downward trend. Semi-dull and bright polyester chip prices sharply fell; CDP chip and PET bottle chip prices also went lower.

Acrylic staple fiber 1.5D × 38mm, acrylic top 3D × 102mm prices consolidated; CPL price temporarily stable, 6 chip price set back.

Market performance of polyester filament continued to look pale; buying demand from down stream manufacturers held a strong wait-and-see psychology. Buyers were hoping that prices would decline further. Influenced by dumping of low-price of polyester filament, demand from spinning enterprises also adjusted.

Polyester chip prices in raw material market collapsed; the entire polyester filament market was covered with thick wait-and-see atmosphere; the majority believed that the market outlook of polyester filament would keep declining.

All cotton yarn products acquired stability; individual species moved slightly lower, where as other items looked dull.

Among blended yarn products, viscose-polyester yarn remained stable. There was a little change in small trade volume; individual specifications of polyester-cotton yarn 80/20 fell.

Trade volumes of rayon yarn was weak; some rayon yarn prices declined in very small trade volume.

Polyester yarn market remained inactive; individual species moved lower; market price of polyester staple fiber went down, with average prices stood at 9100 yuan per ton. Viscose staple fiber prices dropped further; the latest price focus was at 15,900 yuan per ton.

Market outlook for yarns with polyester content is expected to move lower further.

For further statistics click here

Fibre2fashion News Desk - China


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