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2010-12-2
Influenced by decreasing orders, unsmooth sales and declining feedstock prices, polyester/cotton fabric prices continue to tumble substantially. The offers for T65/C35 45S×45S 110×76 58" dyed fabric decline from 10.80yuan/m in previous time to 9.80yuan/m currently and T65/JC35 45S×45S 133×72 58" dyed fabric drop from 13yuan/m to 12yuan/m. Plants will continue to be under large pressure if orders and sales can not increase in short term.
Currently the fabric market presents much divergence. Big scale printing and dyeing enterprises with tolerable operating rate and limited inventory are reluctant to reduce offers while medium and small scale plants have to cut production or stop working due to the limited orders.
$1=CNY6.67
source:CCFGroup.com
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