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Bearish sentiment grips Guangdong polyester market

14
Nov '08
Polyester filament market in Guangdong has been engulfed by serious problems and the trade is unpredictable. While the quotations from individual manufacturers dropped by 300-400 yuan per ton, the buyers are offered added discounts during actual transactions. It seems the market transactions are sinking into insipidity day by day.

At present, production and marketing rate of polyester filament is also alarming, within the range of 30-50 percent.

After reasonably large procurements last week, the downstream enterprises and market traders are not placing huge orders. Most are adopting a hand-to-mouth attitude. There is strong bearish sentiment spreading in the market, and experts expect the trend to move further downwards.

Currently, DTY 150D/48F is offered at 9300-9600 yuan per ton, DTY 75D/36F stands at 11700-12500 yuan per ton, FDY 100D/96F is at 9300-9500 yuan per ton and FDY 150D/96F is being quoted within the range of 8000-8300 yuan per ton.

Fibre2fashion, News Desk - China


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