Cationic filament market in Shengze and Jiaxing cities continued to show downward trend in the week that ended November 2, 2008. At present, central market quotations of FDY 50D, 100D, and 150D stand at 13500, 10300 and 9500 yuan per ton, respectively. This marks a significant decline compared to the previous week.
Sales of FDY 63D and 75D were relatively good, as they are directly used in production of jacquard-woven materials, and blended with DTY 75D to produce jacquard and imitated hemp fashion. However, DTY and POY prices fell to a certain extent.
The chief reason for this slowdown is drop in prices of cationic polyester chips. For instance, during the week settlement price for these chips was recorded around 7600 yuan per ton, representing the drop of 1,000 yuan from the previous level of 8600 yuan. Offer for next week is expected to be still lower, ranging around 7300 yuan per ton.
Insiders say that other reason for this dull market is that the cationic silk producers have actively lowered their prices to maintain trade volume and ensure smooth trade.
Besides, this lethargic trend is supported by the low demand from lower fabric reaches. The fabric operating rate has, thus, continued to decline.
Therefore, experts predict that market demand of cationic filament will diminish further.
Fibre2fashion News Desk - China