Home / Knowledge / News / Textiles / Polyester market reverses declining trend

Polyester market reverses declining trend

16
Jul '10
In the past few days, the Chinese domestic polyester staple fiber market has stabilized under the influence of external factors. Prices have increased slightly and trade conditions have also improved marginally.

The global oil market rebounded since last weekend and market confidence has been restored, due to which price of polyester staple fiber reversed from the declining trend. At present, polyester staple fiber industry is maintaining a high operating rate.

There is a semblance of a certain profit margin, inventory remain in normal range, which may basically last for 7-10 days. Prices of crude oil futures rebounded several times in the week, sending the market into repeated volatility, but fluctuation was not large.

While crude oil prices increased, PX prices declined, current level of Asian price was close to US $800 per ton, which could not give support to any increase in prices of PTA.

Currently, PTA spot market continues on a weak trend, offers for domestic goods maintained around 7,050 Yuan / ton, while offers for overseas products were $850 / ton.

MEG market was also weak, transaction atmosphere was moderate, negotiation price for domestic supply was 5,800 Yuan / ton and negotiation price for overseas supply was $700 / ton.

Fibre2fashion News Desk - China


Must ReadView All

Pic: Shutterstock

Textiles | On 10th May 2021

India & EU to resume trade negotiations; consider investment pact

India and European Union (EU) have agreed to resume negotiations for...

Pic: Shutterstock

Apparel/Garments | On 10th May 2021

UK retailers halved carbon emissions since 2005: BRC

Leading UK retailers have smashed 2020 carbon reduction targets, with ...

Pic: Authentic Brands Group / Eddie Bauer

Fashion | On 10th May 2021

ABG & SPARC to acquire American outdoor brand Eddie Bauer

Authentic Brands Group (ABG), a global brand owner, marketing and...

Interviews View All

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Textile Industry, Head honchos

Textile Industry
Head honchos

Virtual reality would be the new normal

Textile Industry, Head honchos

Textile Industry
Head honchos

Money never disappears-it just finds new opportunities

David Guiho,

David Guiho

Headquartered in Apt, South of France, Delta Plus designs, manufactures...

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Chendhuran Sundar,

Chendhuran Sundar

It manufactures and retails menswear garments in India under the brand...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search