On December 6, PTA price adjusted, MEG price corrected, semi-dull and super bright polyester chips were firm, CDP chip price showed correction and price of PET bottle chip was stable.
Prices of acrylic staple fiber 1.5D × 38mm, acrylic top 3D × 102mm adjusted, CPL price was in correction state, while nylon 6 chip prices stabilized.
Boosted by price rise of crude oil and PTA futures, polyester filament market moved higher on the day. For example, one mainstream direct spinning manufacturer in Shengze market increased its FDY offer by 100 Yuan / ton, while price of superfine filament 20D and 30D increased by 1000 Yuan / ton.
Most local spinning manufacturers maintained steadiness in their offers. It was reported that quotations in Xiaoshan, Shaoxing, and Tongxiang areas were mixed. Analysis of current market conditions revealed that, although sales of polyester filament have improved, spinning factories still faced high pressure of inventories.
Most experts believe that overall polyester filament market is more likely to step into a narrow-range adjustment in the short term and they do not rule out the possibility that prices of a few varieties of polyester POY may fall, to push sales of polyester filament.
Polyester staple fiber price corrected and average market price was 13,100 Yuan / ton. Viscose staple fiber market fell to 27,700 Yuan /ton.
Price of 65/35 Polyester and Viscose yarn declined. Price of blended polyester/ cotton yarn slightly fell, trade was light. Polyester yarn market was steady amid downward trend, trade volume of 45s slightly enlarged.
Trade activities of rayon yarn 30s were active, price continued to show downward trend. Rayon yarn market is expected to base on downward trend in the short term.
Fibre2fashion News Desk - China
marketing@alchempro.com
