In Shengze chemical fiber market, polyester filament price continues to sink, but the decline momentum has slowed down.
Now the market price of the leading product FDY68D/24F is offered at about 13,500 yuan per ton. POY products still drop slightly. 75D has declined to the lowest level of 12,300 yuan per ton, DTY varieties have reduced about 100 yuan, and market price gap between products is as high as 400 yuan per ton.
From market trading situation, transactions in Shengze market are also very plain, buyers lack interest in purchasing. FDY63D, 100D, DTY100D/144F, and 75D/72F have small trade volume; POY demand has improved a little.
In Shengze region, production and marketing rate is about 8 percent in general. Many people are not very optimistic about the future scenario, as they think that the market will move down further. In addition, the mainstream market price of polyester chip is offered at about 11,000 yuan per ton, trading price is at 10900-10950 yuan per ton.
Trade volume in fabric market is as usual, there is small demand for coating Oxford cloth and air-jet cotton fabrics, but other fabrics are slow with shipment. Transactions in lining market are normal.
In Shenze area, the operating rate of water-jet weaving enterprises is normal. Gray cloth inventory level of weaving enterprises is as high as above 40-50 days.
Fibre2fashion, News Desk - China
marketing@alchempro.com
