In the first week of November, offers of spun polyester yarns in China were stable with mainstream offers for 32s and 45s rolling over in Jiangsu and Zhejiang, with the latter seeing better sales than other specs.

In Qianqing, offers were range bound and the transaction volume was not large enough.

Spinners fear a possible decline in export demand, particularly from the US thus, traders had no intention to build up inventories either.

In India, polyester yarn 30 knitting yarns prices declined US cents 3 a kg in Ludhiana market while they moderated US cents 2 a kg in Indore market.

Polyester yarn prices in India were down although PSF prices were stable at firm levels.

In Pakistan, fluctuation in PSF prices had little influence on the sentiment of downstream polyester yarn.

Producers basically kept offers steady, and there was no big changes on the sales volume.

Courtesy: Weekly PriceWatch Report