Chinese Polyester Staple Fiber Shipments Analysis
Polyester staple fiber exports during February amounted to 51,144 tons, tumbling 35.43% from the previous month and 22.17% y-o-y.
There was price hike in January-end and mid-March, which risked China’s polyester staple fiber seriously on global competitive markets.
Anti-dumping investigation against Chinese polyester staple fiber in Pakistan, caused drop in sales due to 2.82% to 11.51% amended tariffs. As a result there was slowdown in exports by 59.25% in February.
|
Polyester Fabre Export China |
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|
Duration |
Volume (tons) |
% Change Month on Month |
% Change Year on Year |
|
2016 |
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|
January |
79,240 |
-4.50% |
-6.38% |
|
February |
51,140 |
-35.43% |
-22.17% |
|
Total |
1,30,348 |
|
-13.29 |
|
Source: CCFGroup |
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Polyester staple fiber shipments during the first two months of 2016 reduced by 13.29%, to 130,348 tons YoY Change.
Exports to the US, the top destination, were up a mere 1.62% on an annual basis. And sales on the other main markets, such as India, Turkey and Russia, also dropped. Vietnam was the only country where Chinese exports posted a y-o-y surge (54.28%), while the nation’s textile industry has taken off.
