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In India, polyester yarn prices were up in the first week of January as PSF prices were lifted again opening January following mod-December rise. Spinners were steadily recovering from the disruption triggered by the demonetization process. Polyester yarn 30 knit yarn prices were up Re1 a kg (up US cent 1) in Ludhiana market.

In Pakistan, PSF prices have further risen pushing polyester spun yarn prices to increase in the meantime. 30s spun polyester prices gained PakRs2 per pound (up US cents 4) while 60s were up PakRe1 per pound (up US cents 2).

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In Qianqing, PC (65/35) 32s yarn prices rolled over in the first week of January (however, prices were up US cents 2 a kg due to weak US$) while 45s PC combed yarn prices were stable on the week (up US cents 3 a kg due to weak US$).

Blended yarn prices have remained stable in the week in China, in line with a weakness in demand, whereas fiber prices were far from receding. Spinners were forced to maintain their offers in order to keep maintain their already low margins. They were also complaining over the large volume of foreign yarns entering the country, especially from India.

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Spun polyester yarn offers In China moved up in December in line with rising PSF values despite lusterless demand. In Shengze, offers for 32s polyester yarn were up US cents 13 a kg from November.

In Pakistan, PSF prices rose as demand from yarn producers was boosted by a large price difference between cotton and polyester. 30s spun polyester was up US cents 2 a kg on the month.

In India, spun polyester prices did not react to the rise in PSF prices since early December. However, 30 polyester knit yarns were up US cents 3 a kg in Ludhiana market.

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In China, 1.4D PSF was up US cents 12 a kg in December. In India, 1.2D PSF prices were up US cents 6 a kg from previous month. In Pakistan, prices in Karachi were up US cents 4 a kg on the month.

Polyester staple fibre prices extended an uptrend in China as MEG prices moved up sharply. Polyester staple fibre prices moved up also because OPEC and non-OPEC members had agreed to cut oil production, supporting polyester raw materials prices to hike significantly.

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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.

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In China, semi dull chip offers were up US$80 a ton in the second week of December while super bright chip offers jumped US$70-85 a ton on the week. Offers for CDP chip surged US$85-120 a ton during the week.

Asian marker for semi-dull continuous spinning fibre grade chip rose US$50 a ton FOB Taiwan/Korea on the week.

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In Shengze, offers for 32s polyester yarn were up US cents 11 a kg in the second week of December. In Qiangqing, 32s weaving yarn was up US cents 7 a kg on the week.

In China, spun polyester yarn offers moved up in line with rising PSF values despite lusterless demand. Producers were considering taking a break in advance in view of fast price rises of raw materials which is forcing yarn makers to follow up amid lack of orders. Thus, producers faced margin loss and stopping operation in advance with the Spring Festival drawing near.

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In Qianqing, PC (65/35) 32s yarn prices were up US cents 3 a kg in the second week of December while 45s PC combed yarn prices were stable on the week. Blended yarn prices were supported by rising PSF and VSF prices that week although cotton movement was sluggish. In China, PV and PC yarn prices have begun inching up on sharper increase of PSF prices over the week.

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In Shengze, offers for 32s and 45s polyester yarn were up in the first week of December. In Qiangqing, 32s weaving yarn was offered flat during the week. In US$ term, they were up US cents 2-6 a kg on the week, due to strong Yuan.

Spun polyester yarn offers picked up further in China driven by PSF values, and the transaction was moderate. Since there was less than one month before China’s Lunar New Year, yarn producers started arranging shutdowns for the holiday. Meanwhile, PSF prices jumped to higher levels, gaining 3% in the week.

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