In the just concluded week, FDY prices in domestic market rebounded slightly after Dragon Boat Festival holidays, by about 100 Yuan per ton but the increase was smaller compared with the 300 Yuan per ton rise of polyester POY.
Trade volume enlarged being driven by improved procurement from downstream market, market offers were pushed higher. Production and sales rate was over 100 percent, inventories reduced.
Latest offers of FDY from major enterprises changed little. Offers of FDY40D/24F semi-dull were at 15,400 Yuan / ton, FDY50D/24F semi-dull at 14,500 Yuan / ton, FDY40D/24F bright at 15,200 Yuan / ton and FDY50D/24F bright at 14,500 Yuan / ton.
FDY market is expected to continue a short-term adjustment in market price.
Fibre2fashion News Desk - China
marketing@alchempro.com
