On Monday, November 3, PTA, MEG prices showed steady consolidation. Market trade sentiment of semi-dull and bright polyester chips improved; prices of CDP chip and PET bottle chip strengthened.
Acrylic staple fibre 1.5D × 38mm, acrylic top 3D × 102mm prices were dull; CPL, nylon 6 chip prices continued to fall.
Polyester filament market basically maintained steady trend. Production and sales of spinning factories on the day fluctuated to some extent. Some of POY enterprises inked bigger trade deals. But fabric plants in the down stream showed weakness in midseason.
Polyester filament inventories of spinning manufacturers were not alleviated yet. As a result, experts opined, the whole market trend of polyester filament will mainly pose a slight adjustment in the near future, yet, they did not rule out the possibility of rebound for those several POY products with low inventories.
Yarn market was more subdued; price trend was still showed weakness. Prices of individual species of combed cotton yarn continued to fall. In blended yarn products, individual species of viscose-polyester yarn and polyester-cotton yarn also plunged.
Rayon yarn market was sluggish; price focus of some rayon yarns also dropped and trade volume was very small.
Polyester yarn market was relatively poor; prices of individual species decreased.
Price gravities of viscose staple fiber and polyester staple fiber continued to move lower.
Yarn and thread market outlook is expected to continue a downward trend.
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Fibre2fashion News Desk - China
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