Spun polyester yarn market saw prices weakening in the last week of August, with sporadic batches traded. Yarns were mainly sold in small batches and most on credit, with limited capitals flowing into the market.
In China, producers mostly limited production to maintain prices, and were more cautious to purchase PSF for rigid demand. In Shandong, prices were largely stable today, with sales slowing down. In Qianqing, 32s was down US cents 3 a kg on the week.
For India, the world market is currently depressed with commodity prices falling in anticipation of a weaker demand from China and processors prefer keeping their stock at lowest levels as possible. Polyester yarn 30 knitting yarns price in India was down US cents 5 a kg in Ludhiana market while they declined US cents 6 a kg due to weak INR in Indore market.
In Pakistan, polyester yarn prices were seen declining in line with PSF values and weak demand. 30s spun polyester prices were down at US cents 10 a kg while 60s fell US cents 12 a kg.
Courtesy: Weekly PriceWatch Report
