In China, offers for 32s polyester yarn in Shengze dropped US cents 2 a kg in the first week of April. In Qiangqing, 32s weaving yarn price fell US cent 1 a kg on the week.
Polyester spun yarn market in China warmed-up slightly, and offers partially surged indicating some improvement in demand that week. However, spun polyester yarn industry will not remain in a busy season in coming future, market participants will mostly produce rationally and maintain adequate inventories following a huge purchase after the Tomb-sweeping Day holiday. In case, PSF market rises in future, downstream fabric producers will actively buy yarn.
In India, while PSF prices were stable, polyester yarn prices were subdued giving the edging down of cotton yarn values. Polyester yarn 30 knit yarn was INR2 a kg cheaper (down US cents 2) in Ludhiana market.
In Pakistan, polyester spun yarns prices have however stayed unchanged for more than 6 weeks although PSF prices continued to slide losing more than 3% in last one month.
Courtesy: Weekly PriceWatch Report
