In Shengze, offers for 32s polyester yarn were up US cents 11 a kg in the second week of December. In Qiangqing, 32s weaving yarn was up US cents 7 a kg on the week.
In China, spun polyester yarn offers moved up in line with rising PSF values despite lusterless demand. Producers were considering taking a break in advance in view of fast price rises of raw materials which is forcing yarn makers to follow up amid lack of orders. Thus, producers faced margin loss and stopping operation in advance with the Spring Festival drawing near.
In India, spun polyester prices have not yet reacted to the rise in PSF prices since early December. On export markets, polyester yarn prices were also stable as exports had declined in November along with falling unit value realisation. Polyester yarn 30 knit yarn prices rolled over in Indore while they were flat in Ludhiana market.
In Pakistan, polyester yarn remained unchanged following PSF markets.
Courtesy: Weekly PriceWatch Report
