Prices of spun polyester yarns in China remained range bound in the week ended 12 June, while the transaction volume remained low. Mainstream offers rolled over previous week’s numbers for 32s while 45s saw moderate transaction. Some yarn makers reduced run rate during the wheat harvesting season.
Further, yarn demand was difficult to improve due to high fabric inventory. In India, polyester prices have fallen in early June after surging in H1 May and this is now reflected in the fall in polyester yarn prices across markets. In Pakistan, spinners are seeing sharp drop in their margins for producing 100 per cent polyester yarn since their prices have almost remain static for a long period.
In Qianqing, 32s spun polyester yarn was mainly offered at 12.40-12.50 Yuan a kg (US$2.03-2.04 a kg, unchanged from last week). In Shengze, offers for 32s and 45s were also steady at 12.20 Yuan a kg (US$1.99 a kg) and 13.40 Yuan a kg (US$2.19 a kg).
In India, polyester yarn 30 knitting yarns were down INR2 at INR136 a kg (US$2.12 a kg, down US cents 3), in Ludhiana market while they fell INR3 in Indore market to INR149 a kg (US$2.33 a kg, down US cents 6 on the week). In Pakistan, 30s spun polyester was pegged at US$2.16 a kg and 60s at US$3.49 a kg.
For more details see: Weekly PriceWatch Report
