In Shengze, offers for 32s polyester yarn were steady in the last week of January. In Qiangqing, 32s weaving yarn was offered stable on the week. Polyester spun yarn offers were stable on the week in China as producers mostly shut down units for Lunar New Year holidays, so transaction was quiet. Markets are likely to open firm after the holidays as polyester raw material have gained over the week.
In India, demand remained relatively weak as the demonetization process eliminated many small-sized yarn producers, whereas others may have found it difficult to operate, with production dropping at spinning mills. Polyester yarn 30 knit yarn prices rolled over in Ludhiana market.
In Pakistan, PSF prices have been very stable in the past three weeks, supporting polyester yarn markets.
Courtesy: Weekly PriceWatch Report
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