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Prices in Guangdong PFY market fall sharply

27
Oct '08
Influenced by a broad gloomy environment, Guangdong polyester filament yarn market was very weak last week. Trade volumes were down and very low. And prices declined by as much as 500 Yuan per ton, though it is less than the fall in other markets around the country.

Due to a slowdown in sales, production of polyester filament yarn manufacturers also witnessed a drop and there were fewer arrivals in the market. But in the pessimist atmosphere prevailing in the market, few traders and down stream manufacturers dared to make fresh commitments. The PFY market is expected to remain in a downward trend in the short term.

DTY150D/48F was quoted at 11600-12000 Yuan per ton, while DTY 75D/36F sold at 13700-14000 Yuan per ton during the last week. FDY traded at 100D/96F at 12100-12300 Yuan per ton and on the other hand FDY 150D/96F was citied at 11400-11800 Yuan per ton.

Fibre2fashion News Desk - China


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