In January-May 2006, domestic chemical fiber market basically remained in a steady or slightly rising state. The prices of most fiber products were rapidly promoted by a strong rise in the prices of raw materials. In early September and the beginning of October the prices played faster down trend.
PET polyester products were the most prominent.
The first quarter saw a greater volatility in the prices of various products, polyester and filament had relatively smaller price fluctuations, but the price volatility of short fiber represented 10 percent up and down.
From the end of May to the beginning of September, polyester chips price rose more than 25 percent; polyester filament price gained around 20 percent. Staple fiber price increased as high as 30 percent. The early September, prices fell fast, and by the end of September, the prices of various products dropped between 15-20 percent.
After a brief dull period in October, the prices went into a narrow ranged oscillation in November-December.
The fluctuation of PET polyester in the third quarter of 2006 was mainly driven by the strong price volatility of its main raw material PTA.
By the end of August, PTA spot price rose as high as 11300 yuan per ton, gaining 37.8 percent compared with early May. And then it decreased significantly by more than 20 percent in the following 20 days.
Some other types of fiber products also suffered price volatility, but significantly less than PET polyester products. Of which, synthetic fiber products were primarily influenced by the prices of raw materials, but there were significant differences in viscose fibers, which were mainly impacted by market supply and demand.
Fibre2fashion, News Desk - China
marketing@alchempro.com
