Recycled polyester staple fibre reports regular price rise: TexPro
25 Feb 21 1 min read
From the beginning of December 2020, the prices of recycled polyester staple fibre (PSF) have been increasing with growing PSF futures and downstream yarn demand, supported by the polyester feedstock market. The PSF price rose 9.22 per cent to 5,450.00 CNY/mt in February 2021 (2nd week) compared to 4,990.00 CNY/mt in the last week of November 2020.
Advertisement
In October 2020, the recycled PSF prices improved 7.36 per cent to 5,250.00 CNY/mt (end of month) from 4,890.00 CNY/mt (beginning of month). However, in November the prices declined 4.95 per cent to 4,990.00 CNY/mt.
The prices remained stable to lower with higher inventory and steady operating rate of spinners, lack of restocking demand from downstream buyers and with weaker rigid demand. The PFY companies focused more on the fulfilment of previous orders in the China export market.
Source: TexPro
Fibre2Fashion News Desk (JL)
This according to Fibre2Fashion's Market Intelligence Tool - TexProPopular News
|
|
US small business owners highlight pricing as top concern: Report |
|
|
Puma announces leadership changes in Central Europe & UK Divisions |
|
|
UFLPA’s impact on US textile imports: A shift in global trade dynamics |
|
|
China dominates as India's top yarn, fabric & home textiles supplier |
|
|
US’ small business optimism index rises in April 2024: NFIB |
|
|
Cotton yarn prices fall on slow buying in south India |
