In China, offers for 32s polyester yarn in Shengze moved up US cents 1-2 a kg in the second week of June. In Zhejiang, 32s weaving yarn prices were also up US cent 1 a kg on the week.

Polyester spun yarn market in Shengze was stable to slightly higher as PSF prices rebounded somewhat in recent weeks. However, mills were cautious to replenish PSF as polyester market enters the traditional period in late June, when sentiment will remain stalemated.

In India, polyester yarn prices remained unchanged after the hike two weeks ago following hike in PSF prices then.

In Pakistan, polyester spinners were confronted by lack of export orders, in line with the rapid decline of overall exports. A slight rise in demand was however reported during the week as buyers tried to cover their prompt needs ahead of Eid holidays.

Courtesy: Weekly PriceWatch Report