As we enter the second week of the New Year and when prices of other polyester products are still moving higher, polyester staple fiber (PSF) market in China has already died down, quotes are flattening out, a drag has set in the price increases and transactions are limited.
At present, quotes from the upstream polyester chip industry are high and the level is close to prices of polyester staple fiber, therefore, polyester staple fiber industry faces huge pressures, so the PSF industry will not be able to face downward pressure for long.
At present, the market has created a phenomenon, where sellers are reluctant, which is further exacerbating the trade and inventories of polyester staple fiber have slightly reduced in downstream sector, the level is equivalent to three weeks.
Fibre2fashion News Desk - China
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