The third, downstream weaving factories lack orders, shipments are sluggish. In fact, the biggest influence on filament market is still the end market from downstream sector. After the national adjustment program of export tax rebate rate, the enthusiasm of textile export enterprises has significantly declined. Orders for weaving factories have seen a drastic shrinkage compared with previous years, funds chain is difficult to maintain a normal level, enterprises have to reduce raw material inventories and restrain filament consumption. Therefore, polyester filament market has suffered contusion.
At this stage, domestic polyester filament manufacturers are struggling for survival. They are facing pressures from both, polyester raw materials and downstream, industries. Analysts believe that polyester filament market can once again pick up pace only when the enthusiasm in downstream sector restores.
Fibre2fashion, News Desk - China
marketing@alchempro.com
