Polyester yarn price drops as yuan depreciates

PSF prices have declined US cents 8-16 per kg across China, India and Pakistan in the second week of August. Thus, cost support to polyester spun yarns eased amid sluggish demand. The significant Yuan depreciation has caused prices to fall further in US$ term, although they were steady in local currency.

In China, spun polyester yarn markets were weak amid sluggish sales. Prices were steady but offtake was very slow. In India, polyester yarn prices continued to retreat on both domestic and export yarn markets in the mid of August. However, prices in Pakistan rolled over since there had already touched the trough recently.

In India, polyester yarn 30 knitting yarns price fell US cents 3 a kg in Ludhiana market while they also fell down US cents 4 in Indore market. In Pakistan, prices rolled over in the second week of August. In Shengze, offers for 32s were down US cents 6 a kg while 32s prices in Qianqing fell US cents 13 a kg on the week.

Courtesy: Weekly PriceWatch Report

Recent Posts

Nylon or polyamide markets move up amid modest demand

In May 2020, nylon filament yarn prices were talked up amid climbing prices in the upstream CPL and nylon chip…

4 years ago

Polyester fiber, yarn prices firmer amid a rebound in PTA and MEG markets

In May 2020, polyester filament yarn prices recovered in China supported by higher prices in the polyester staple fibre markets.

4 years ago

Viscose or rayon markets continue to weaken in Asia

Viscose staple fibre prices in April were mostly down in the Asian markets of China, India, and Pakistan. In China,…

5 years ago

Acrylic fiber prices slip amid low acrylonitrile and propylene costs

Feedstock, propylene prices in Asia fell in April amid historic lows in the crude oil and naphtha markets that month.…

5 years ago

Nylon or polyamide markets slump on lackluster sentiment

Nylon or polyamide chip markets slumped in March amid weakening prices in the raw material CPL markets while downstream buying…

5 years ago

Polyester prices nosedive to multi-year lows across the world

In March 2020, polyester staple fiber (PSF) prices declined month-on-month in China as demand was weak and supply was abundant.…

5 years ago