In Shengze, offers for 32s polyester yarn inched up US cent 1 a kg in the first week of July and 45s rolled over on the week. In Qiangqing, 32s weaving were also up US cent 1 a kg on the week. Offers for spun polyester yarns in China were stable to up buoyed by PSF prices that week, and the sales volume was flat on the week. Enquiring and trading sentiment was also flat. From late June, polyester yarn producers bought high cost PSF to replenish inventories in succession. Offers for 1.4D direct-melt-spun PSF were raised by US cent 1 a kg in Jiangsu and Zhejiang and US cents 2 a kg in Fujian market.
In India, polyester yarn prices were raised in Ludhiana market while they rolled over in Indore, while PSF prices remained unchanged since early June. Polyester yarn 30 knit yarn prices were raised INR5 a kg (up US cents 9 on the week) in Ludhiana market while they rolled over in Indore.
In Pakistan, PSF prices rolled over at firm level, support polyester yarn prices to remain unchanged.
Courtesy: Weekly PriceWatch Report
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