Performance of Guangdong polyester filament market was no surprise on November 29, as the sentiment was sluggish with poor trade and moderate trade volume.
Raw material price fell, followed by market offers. Traders obviously held a wait-and-see attitude; procurement activity was scarce, only individual products with lower prices had small replenishment.
Downstream factories faced fabric stock pressure and capital tension, they were more cautious with operation. The market is expected to maintain a consecutive decline; some products will be further adjusted lower.
Market quotations of varieties: DTY 150D/48F at 13700-14200 yuan per ton, DTY 75D/36F at 15700-16000 yuan per ton, FDY 100D/96F at 13,200 yuan per ton, FDY 150D/96F at 12700-12800 yuan per ton.
Fibre2fashion, News Desk - China