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.
In Jiangsu, PFY market sentiment was softening amid increasingly sluggish downstream demand. Producers focused on depleting stocks, though buying interest waned with lower crude oil. In India, POY market was stalemated and some high-end products were traded at discount amid bearish sentiment. In Pakistan, DTY markets were tepid due to crude oil, but producers pegged offers stable.
In China, 75/72 POYs price fell US cents 10 a kg in Shengze while 75/36 was down US cents 8 a kg in the first week of August. In India, POY 130/34 prices were stable. In Shengze, DTY 75/72 prices were down US cents 10 a kg on the week while in Pakistan DTY 300/96 price was down PakRs2 per pound. In China, 150/96 FDYs were down US cents 5 a kg while 50/24 FDY prices were down US cents 2.
Courtesy: Weekly PriceWatch Report
