Synthetic Leather: Price Trends of Various Fiber Materials in China - Commentary (02.23)

by wdkg3duan on 2012-03-01 14:38:58

On February 23, the PTA spot price showed a suppressed trend, while the MEG price experienced weak market adjustments. The prices of semi-dull polyester chips and bright polyester chips remained stable, whereas the CDP chip prices were steady with slight declines. Meanwhile, the cost of polyester bottle chips increased. The prices of acrylonitrile staple fiber (1.5D×38mm) and acrylonitrile tow (3D×102mm) remained unchanged. Both CPL and nylon-6 chip prices showed declining trends in the market.

**Commentary:** Daily updates on domestic prices of various light textile materials (June 23). This article is from the Global Textile Network. Please credit the source when reproducing! Synthetic leather products are also included.

| Product Name | Specification | Origin | Trading Method Explanation | Price with Tax (RMB/ton) |

|--------------|--------------|--------|--------------------------|---------------------------|

| PTA | | Domestic | Normal cash pick-up quote | 9050 |

| | | | Normal cash pick-up transaction price | 8950 |

| MEG | Bulk | | Market normal out-tank quote | 8250 |

| | Bulk | | Market normal out-tank transaction price | 8200 |

| CPL | Fiber grade | | East China region self-pickup transaction price | 23500 |

| Nylon-6 Chips | Filament grade (conventional spinning) | Domestic | Market transaction price | 25800 |

| | Filament grade (high-speed spinning) | Domestic | Market transaction price | 26000 |

| Nylon-66 short fibers | 1.5D×38mm | | Market transaction price | 33800 |

| Polyester Chips | Filament grade | Semi-dull | General half-cash half-exchange self-pickup transaction price | 11200 |

| | Bright | General half-cash half-exchange self-pickup transaction price | 11250 |

| CDP Chips | General three-month acceptance self-pickup transaction price | 11800 |

| Polyester Bottle Chips | General delivered transaction price | 11800 |

| | Sinopec February 2012 quotation | 11400 |

| | February 2012 settlement price | 11350 |

| Polyester Short Fibers | 1.4D×38mm Slice Spun | Jiangsu Taicang Market | 11800 |

| | Direct Spun | Market delivered transaction price | 12000 |

| | Jiangzhe Market Average | 11850 |

| Viscose Short Fibers | 1.5D×38mm | Domestic | Market mid-price | 17500 |

| Acrylonitrile Short Fibers | 1.5D×38mm | Shanghai Jinshan | Market mid-price | 20900 |

| Acrylonitrile Tow | 3D×102mm | Domestic | Market mid-price | 22000 |

| Cotton Linters | Grade 329 | | 19890 |

| Polyester FDY | 50D/24F | | 14400-14800 |

| Polyester POY | 150D/48F | | 12300 |

| Polyester DTY | 150D/48F | | 13600 |

| Nylon-6 FDY | 70D | | 29300 |

The polyester filament market remains sluggish, with a still tepid trading atmosphere. Downstream weaving manufacturers and texturing enterprises show relatively low purchasing enthusiasm. It was learned that the local filament price center shifted downward again. In Zhangjiagang, the prices for bright FDY 50D/24F and 75D/36F dropped to 14,100 RMB/T and 13,150 RMB/T respectively. Prices in Shengze and Jiaxing remain stable temporarily, but actual transactions are mainly based on negotiations. Although currently downstream weaving manufacturers and texturing enterprises hold small amounts of polyester filament raw materials, and the downstream loom startup rate has gradually returned to normal levels, the overall orders for downstream lining materials are worse than last year. Both downstream weaving and texturing are buying as needed, which makes it difficult for polyester filament trading volumes to increase. Additionally, filament and synthetic fiber factories face significant product inventory pressure. It is expected that the polyester filament market will continue to decline steadily in the near future.