In Shengze, offers for 32s and 45s polyester yarn were up in the third week of November. In Qiangqing, offers for 32s weaving were flat on the week. Falling Yuan did not impact pricing in US$ term.
Polyester yarn offers were stable across Asian markets. In China, in spite of large stock pressure polyester yarn were stable amid flat sales, as polyester market did not gain enough momentum to go up. Offers for spun polyester yarn in Shengze market were stable.
In Pakistan, PSF prices started rising on increased raw material costs. However, polyester continued to remain stable and cheaper than cotton yarn prices for months.
In India, polyester yarn prices rolled over given the firmness in PSF market, while demonetisation of high value notes will adversely impact trade in coming days and prices may fall. Polyester yarn 30 knit yarn prices were up INR1 a kg (down US cents 2 due to weak INR) in Indore while they were flat in Ludhiana market.
Courtesy: Weekly PriceWatch Report
