Interviews
MMF players anticipate meliorative 2010
29 Dec '09
8 min read
Mr Mahmut Basegmez, Export Manager, Polda Textile Ind & Trade- a Turkish polypropylene yarns manufacturing unit, opines that there is downward trend in MMF industry due to the economic crises all over the world. Industry is afflicted to a level which is not easily recoverable and is therefore not recovered yet. Although, he sees some hope for 2010 as there are some positive movements in market, as observed by him.
Mr Shayam Prasad Goswami, Marketing Head, Recron Malaysia (Reliance Group), comments- “ PSF is finding quite a good demand in last few months and I feel that it will remain same for coming two to three months.”
Justifying his prediction he described –“Polyester is been used as a complimentary or substitute fibre to natural fibre - cotton which in turn is in short supply, and its prices are actually going up very high. Hence this shall keep demand of PSF in coming times too.”
Elucidating crisis' upshots on global MMF, he expressed that narrowing margins due to feedstock getting costlier, is a concern. But overall demand wise, fibre industry is doing better than last year, he claimed.
“Industry is on track than compared with 2008 – the onset of crisis. There is tremendous demand growth in China that is no longer dependant for their domestic consumption which has gone up too. So people are spending more money on clothes in China itself, which is good sign for business,” he stressed.
Mr Goswami divulged that south east and middle east Asian countries including Turkey are potential regions for their line of operation and thus, not being a direct exporter to US markets has been fortunate for his company for this made it almost nil affected by crisis. And company has been able to do good business in spite of economic turmoil.
He also agreed that festive times, to some extent and indirect manner, have positively affected business. But not being a direct supplier to US countries, as well as supplying raw materials to industry that has not cut down production and have kept operations in good scale, in festive times too stable demand in polyester industry can be observed.
“Infact I see strong rise in demand here forth too and foresee an improved second half of current fiscal,” he gushed out gaily.
Mr Eli Alalu, Mktg Director, Akren Iplik San Ve Ticaret - Turkey, reveals that markets in which his company deals are extremely volatile and prices are close to reach the pre-crisis levels. He also told that MMF players are expecting the bullish trend to continue, despite occasional downfalls in 2010.
For fiber supply & spinning, he narrated that it has shrunk in the wake of low demand, customer credit risk and lack of finance. When markets had started to pick up, it resulted in increases in prices due to lack of goods.
He perceives that suppliers' expectations for future demand still lack confidence. Consequently, stocks are short and companies are overreacting to low or high demand by lowering or increasing prices significantly. This is increasing volatility of prices. Therefore, it is also possible to see a bearish trend in the short run, according to him.
Mr Alalu, at the end of talk, left a positive note on market to be continuing being volatile but overall stronger in 2010 compared to 2009. He also smilingly wished a prosperous New Year to industry and Fibre2fashion team as well as all its visitors/members.
Mr Shayam Prasad Goswami, Marketing Head, Recron Malaysia (Reliance Group), comments- “ PSF is finding quite a good demand in last few months and I feel that it will remain same for coming two to three months.”
Justifying his prediction he described –“Polyester is been used as a complimentary or substitute fibre to natural fibre - cotton which in turn is in short supply, and its prices are actually going up very high. Hence this shall keep demand of PSF in coming times too.”
Elucidating crisis' upshots on global MMF, he expressed that narrowing margins due to feedstock getting costlier, is a concern. But overall demand wise, fibre industry is doing better than last year, he claimed.
“Industry is on track than compared with 2008 – the onset of crisis. There is tremendous demand growth in China that is no longer dependant for their domestic consumption which has gone up too. So people are spending more money on clothes in China itself, which is good sign for business,” he stressed.
Mr Goswami divulged that south east and middle east Asian countries including Turkey are potential regions for their line of operation and thus, not being a direct exporter to US markets has been fortunate for his company for this made it almost nil affected by crisis. And company has been able to do good business in spite of economic turmoil.
He also agreed that festive times, to some extent and indirect manner, have positively affected business. But not being a direct supplier to US countries, as well as supplying raw materials to industry that has not cut down production and have kept operations in good scale, in festive times too stable demand in polyester industry can be observed.
“Infact I see strong rise in demand here forth too and foresee an improved second half of current fiscal,” he gushed out gaily.
Mr Eli Alalu, Mktg Director, Akren Iplik San Ve Ticaret - Turkey, reveals that markets in which his company deals are extremely volatile and prices are close to reach the pre-crisis levels. He also told that MMF players are expecting the bullish trend to continue, despite occasional downfalls in 2010.
For fiber supply & spinning, he narrated that it has shrunk in the wake of low demand, customer credit risk and lack of finance. When markets had started to pick up, it resulted in increases in prices due to lack of goods.
He perceives that suppliers' expectations for future demand still lack confidence. Consequently, stocks are short and companies are overreacting to low or high demand by lowering or increasing prices significantly. This is increasing volatility of prices. Therefore, it is also possible to see a bearish trend in the short run, according to him.
Mr Alalu, at the end of talk, left a positive note on market to be continuing being volatile but overall stronger in 2010 compared to 2009. He also smilingly wished a prosperous New Year to industry and Fibre2fashion team as well as all its visitors/members.
Fibre2fashion News Desk - India
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