In Shengze, offers for 32s polyester yarn fell US cents 5 a kg in the third week of March. In Qiangqing, 32s weaving yarn offers were down US cents 7 a kg on the week.
Polyester spun yarn offers of some specs in China were lowered further amid lackluster demand and trading sentiment. Prices moved down as well on the back of sporadic transactions and in line with falling PSF prices that week. Since it is still in a slack season, demand will remain lackluster.
In Pakistan, PSF prices although remained unchanged in the week, there were signs of decline due to fall in prices in China. Thus, polyester yarn prices remained steady on cost support.
In India, polyester yarn prices rolled over despite PSF prices dropped early in the month.
Courtesy: Weekly PriceWatch Report
