In India, polyester yarn prices were hiked in the first week of June following the upward revision in PSF prices in early June. However, export have become uncompetitive with INR showing signs of strengthening against the US$. Polyester yarn 30 knit yarn prices were up INR2 a kg (up US cents 4) in Ludhiana market.
Polyester spun yarn markets in China were steady and offers for high-quality 32s yarn rolled over but demand was sparse as a whole. Offers went slightly lower amid lukewarm transaction in Shengze as buyers picked up volumes to meet immediate demand.
In Pakistan, polyester yarn prices remained unchanged as PSF markets saw some stability and import values rolled over. Yarn stocks have reached relatively high levels at spinning mills after buyers preferred to stay away at this time of the year.
Courtesy: Weekly PriceWatch Report
