In Shengze, offers for 32s and 45s polyester yarn remained unchanged in the second week of September. In Qiangqing, offers for 32s weaving were stable on the week.
Spun polyester yarns market in China dropped from stability amid lackluster selling atmosphere. Mainstream offers for spun polyester yarn 32s and 45s, however, rolled over, given the holiday-shortened week while PSF prices generally remained range bound.
In Pakistan, polyester yarn producers intended to sell more volumes at the current price level, as they wanted to liquidate stock and convert into cash while PSF prices remained very stable in the week. 30s spun polyester prices edged down US cents 2 a kg (due to currency) while 60s also fell US cents 2 a kg.
In India, polyester yarn prices rolled over in domestic markets while export prices were down in order to compete with rival products.
Courtesy: Weekly PriceWatch Report
