In Shengze, offers for 32s polyester yarn rolled over in the first week of September and 45s were stable on the week. In Qiangqing, offers for 32s weaving were steady during the week.
Spun polyester yarn offers were stable in China, and sales of some sporadic specs were little better previous weeks. Spun yarn plants in Zhejiang remained shut down due to the G20 summit and started to resume in succession late that week. This, demand will improve slightly in coming week.
In Pakistan, polyester spun yarn prices gave back previous week’s gains as PSF price did not change over the week. 30s spun polyester prices gave US cents 4 a kg while 60s fell US cents 3 a kg on the week.
In India, polyester yarn prices rolled over in Indore while they declined in Ludhiana markets, despite stable PSF markets. Overall, rigid demand will continue to pressure prices as the weak situation will hardly change. Polyester yarn 30 knit yarn prices remained unchanged in Indore while they fell INR5 a kg (down US cents 5) in Ludhiana market.
Courtesy: Weekly PriceWatch Report
