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PTA futures help push up Cationic yarn markets

08
Dec '09
In the just concluded week, November 30 - December 6, trade atmosphere of cationic yarn market picked up due to support from PTA futures, tight supply from filament factories and moderate price rise of polyester filament products. Trade volume of cationic yarns enlarged on Tuesday and Wednesday, the market steadily moved higher on Thursday and Friday.

In Shengze and Jiaxing markets, market prices of FDY 63D, 100D, 150D and 200D focused at 13,600 Yuan, 12,400 Yuan, 12,100 Yuan and 12,000 Yuan per ton, respectively. During the weekend, cationic yarn market showed a steady performance and FDY 63D was in hot demand amongst buyers.

50D and 63D are widely used in the downstream sector and also used along with DTY 75D to produce jacquard linen fabrics for fashion garments. In addition, sales of cationic jacquard lining fabrics are better than conventional lining fabrics and demand from downstream sectors was very good for these qualities.

According to sources, cationic chip price was still strong; settlement price of cationic slice was 9,900 Yuan per ton in the week, flat when compared to its previous week and spot market prices stood at 9,950-10,000 Yuan per ton. Experts aver that, cationic yarn market will maintain a steady course.

Fibre2fashion News Desk - China


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