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Market outlook likely to show weak adjustment trend

09
Dec '08
On Monday, December 8, PTA futures graph moves up; spot price slightly raised; MEG price adjusted; semi-dull and bright polyester chip prices increased. CDP chip price also shoot up. On the other hand, PET bottle chip price showed a consolidation pattern.

Staple fibre 1.5D × 38mm, acrylic top 3D × 102mm prices moved sideways. CPL, nylon 6 chip prices unchanged.

Polyester filament market trend continued to remain dull; trade volume on the day was moderate. Price gravity of DTY, FDY prices lowered. POY offers from Shengze and Taicang markets remained unchanged for the time being, however, actual transactions were concluded at preferential price level.

Although supply of polyester chip was tight and price went up, a wait-and-see attitude was still strong in polyester filament market. Most traders believe the outlook of market is expected to show a weak adjustment trend.

All cotton yarn 32s, J40s were still salable, prices were stable. Trade volume of polyester yarn 45s was fair, it is mainly used in production of cotton /polyester lining products, price temporarily maintained stable.

Polyester-cotton yarn prices saw a slight change; although trade volume of 80/20 45s was small but demand prevailed in the market. Rayon yarn price fell further, part varieties of viscose yarn also fell.

Polyester staple fibre price consolidated on Monday. Price of viscose staple fibre lowered again. Man-made fibre yarn market is expected to move lower in the short term.

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Fibre2fashion News Desk - China


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