In Shengze, offers for 32s polyester yarn fell US cents 2 a kg in the third week of August, and 45s were stable during the week. In Qiangqing, offers for 32s weaving were down US cents 2 a kg on the week.

Spun polyester yarn offers were lowered somewhat in China, but demand was lackluster as a whole. Offers for polyester yarns in Shengze were stable to weak amid flat transaction, with some sporadic numbers slightly lower. Meanwhile, PSF prices were stable that week. Spun yarn producers replenished inventories before shutdown due to the G20 summit.

In India, prices of spun polyester yarn were stable amid flat domestic demand while export markets slowed down in July as shipments rose just 6% year on year while price realization fell over 5% in US$ term.

In Pakistan, polyester yarn prices rolled over amid rigid demand.

Courtesy: Weekly PriceWatch Report