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.
In Pakistan, PFY sentiment rolled over but the market lost steam citing thinner trading volumes. Selling indications for DTY were also heard rolling over on the month.
Courtesy: Weekly PriceWatch Report
