CHINA: Polyester prices are stable output increased

BEIJING: The surge in global crude prices to new record highs earlier this month made a deep impact on polyester prices but now easing oil prices kept raw material costs of polyester producers more stable. Polyester filament prices were mostly unchanged in the past seven days in China. Raw material prices could be boosted by a new rebound in crude oil prices.

Prices of polyester chips are declining these days, although Chinese plants are already reporting losses.

Polyester plants are running at 80% to 90% of their capacities, a very high level indicating that demand is now stronger than in the past weeks. China’s total MMF output in first eight month of this year expanded 11 percent to 10,186,800 tons; synthetic fiber output accounted for 9,426,300 tons.

China:  Man-Made Fiber (MMF) Output
Product Unit CY CY % Jan-Aug %
2003 2004 Chg 2005 Chg
Chemical fiber pulp MT 484,700 507,300 1.7 504,900 41
Man-made fiber MT 11,613,100 14,245,400 20.3 10,186,800 11
   Viscose fiber MT 800,200 966,100 16.1 713,300 18
   Synthetic fiber MT 10,691,700 13,139,600 20.8 9,426,300 10
      PA fiber (nylon) MT 565,100 668,300 14.9 456,200 17
      PES fiber (polyester) MT 9,133,500 11,380,500 22.8 7,988,800 11
      PAN fiber (acrylic) MT 628,600 662,000 5.4 512,800 8
      PVA fiber (vinylon) MT 32,563 35,105 10.9 25,507 12
      PP fiber (polypropylene) MT 275,000 275,800 -0.4 158,300 -12
Synthetic fiber blends MT 5,592,500 6,497,500 11.1 4,846,000 11
Polyester (PET chip) MT 7,944,400 8,103,500 7.8 5,595,800 9

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Added: September 22, 2005 Source: Agencies
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