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Textile raw materials daily quotation – Nov 18

19
Nov '08

Although PTA futures rose slightly, the market was covered with strong wait-and-see atmosphere on Tuesday, November 18. The spot price consolidated, MEG price went up marginally, semi-dull and bright polyester chip prices rebounded. CDP chip, PET bottle chip prices remained firm.

Acrylic staple fiber 1.5D × 38mm, acrylic top 3D × 102mm prices fell and CPL price temporarily stabilized as well as nylon 6 chip price continued to fall.

Production and marketing rate of POY polyester filament plants improved, price offers from mainstream polyester factories stabilized for the time being. Price concession narrowed from the previous days' level and outlook of the entire polyester filament market remains cautious.

At present, air-jet weaving factories and texturized factories have adopted 'hand-to-mouth' attitude, while chemical fiber spinning manufacturers, especially DTY and FDY, still face sales pressure. Most traders believe that the overall polyester filament market is most likely to show a narrow ranged consolidation in the short term.

Individual products of all cotton yarns fell further, trade volume was small and sales of cotton yarn 32s, J40s were moderate. Viscose yarn price saw steady decline. Polyester-cotton 80/20 yarn 45s was relatively welcome in the market, but individual items moved down slightly.

Polyester yarn price was temporarily stable and price of polyester staple fiber was unchanged, while price of viscose staple fiber continued to fall. Rayon yarn market is expected to mainly decline.

Detailed price quotations here

Fibre2fashion, News Desk - China

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