In China, 75/72 POYs price fell US cents 5 a kg in the second week of August in Shengze while 75/36 was also down US cents 5 a kg. In Shandong, PFY market was mostly stable, with a few underpriced products up marginally. In Jiangsu, PFY market was supported by the strong PTA market. In addition, downstream buying improved significantly as the market saw a long-awaited recovery. Although prices rolled over in Yuan term, they declined sharply in US$ due to significant devaluation of the currency.
Polyester filament yarn price declines in China and Pakistan
Polyester filament yarn prices were seen falling in China in the first week of August while producers pegged offers mostly stable. Downstream buyers were on the sidelines expecting prices to follow sobering upstream cost. Sales varied according to products.
