In China, 1.4D PSF was up US cents 12 a kg in December. In India, 1.2D PSF prices were up US cents 6 a kg from previous month. In Pakistan, prices in Karachi were up US cents 4 a kg on the month.

Polyester staple fibre prices extended an uptrend in China as MEG prices moved up sharply. Polyester staple fibre prices moved up also because OPEC and non-OPEC members had agreed to cut oil production, supporting polyester raw materials prices to hike significantly.

In Pakistan, PSF prices rose on strong demand from the domestic yarn producers as difference polyester was still cheaper than cotton.

In India, PSF prices were raised early in the month, a change since April.

Courtesy: Weekly PriceWatch Report