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Chinese cationic filament markets in depressed mode

21
Sep '09
In the previous week, cationic filament quotes fell further in the Chinese market, due to combined effects such as falling prices of raw materials as well as reduced purchasing power from downstream sector.

Closing prices of cationic filaments of FDY63D/24F and 150D/72F stood at 11,900-12,000 and 10,700-10,800 Yuan per ton, respectively, averagely down 200 Yuan per ton from its previous week. DTY cationic filament prices also declined and POY price too showed a weakening trend.

According to informed sources, the main reasons for price drop of cationic filament are decline in raw materials prices. Cationic chip price fell 200 Yuan per ton of this week over this period to 8,950-9,050 Yuan per ton.

CDP (cationic) slice too fell by 200 Yuan from 9300 Yuan per ton in the week before that to 9,100 Yuan per ton on September 19. Offers were floating for 9,100 Yuan per ton in the week beginning from September 21.

Secondly, downstream weaving sector also held a cautious attitude towards procuring fresh inventories of cationic filament, resulting in sales pressure of on the raw material.

Fibre2fashion News Desk - India


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