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Polyester staple fibre prices in December 2017 slipped in China amid cautious buying sentiment during the month. PSF manufacturers also reduced the operating rate due to insipid trading sentiment. In Pakistan, PSF prices inched up this month as demand was strong in polyester market. In India, PSF offers were steady during the month. In China, 1.4D PSF was down US cents 3 a kg as compared to November. In India, 1.2D PSF prices were up US cents 2 a kg from last month.

In China, POY 75/72 prices in December were up US cents 13 a kg on the month in Shengze while Indian POY 130/34 prices were up US cents 3 a kg on the month. In Pakistan, 300/96 DTY prices were up US cent 1 per pound on the month.

Polyester filament yarn makers in China hiked offers in December, seeing buyers maintain healthy demand when prices were rising.

In India, POY offers climbed during the month, although trading atmosphere was lusterless, as downstream buying enthusiasm was quiet.

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In China, POY offers in Shengze were up US cents 5-6 a kg in the second week of December. In Shengze, 150/96 FDYs offers were up US cents 6 a kg, while 50/24 FDY were up US cents 18 a kg on the week.

Polyester filament yarn markets rallied significantly in China and India taking cue also saw prices rise in domestic market. With both crude oil and PTA futures rallying and MEG surging PFY makers maintained offers stable to firm though spot trades slowed down from later in the week.

Related Keywords: crude oil prices, MEG prices, pfy prices in China, pfy prices in India, pfy prices in Pakistan, polyester filament yarn prices, psf prices, PTA prices