27 April 2010
Polyester filament prices continued seriously rising in the last days in China while staple fiber prices slightly declined by contrast. FDY is currently the most bullish market segment.
While prices of polyester staple fibers stayed stable in the last seven days, filament prices continued rising, by contrast.
The PSF market clearly weakened in the past two weeks, reflecting a slight decline in spun yarn prices.
Inventories have risen at fiber and yarn plants, as downstream processors rejected a new increase in prices.
Staple fiber makers will now reduce their production level in order to avoid a decline in prices.
By contrast, polyester filament prices have further climbed in the last seven days in China.
The FDY market is especially good, reflecting strong demand for specific polyester filament fabrics.
FDY prices rose 200 to 500 yuan in the past seven days in Qianqing (Zhejiang).
They gained 8% to 11% in the past four weeks.
Inventories fell to a very low level at polyester filament plants, in addition.
Downstream fabric processors however look more reluctant in accepting higher prices.
The upward trend should therefore end in the very near term.