In Shengze, offers for 32s polyester yarn were unchanged in the last week of July and 45s were stable on the week.
Polyester spun yarn prices were stable in China, India and Pakistan that week, although cotton yarn prices surged significantly. In Shengze, markets were stable and offers for spun polyester yarn 32s and 45s were flat amid moderate demand.
In India, prices of polyester yarn were kept steady that week in spite of lackluster sales situation. Polyester yarn 30 knit yarn prices were flat in Ludhiana market and steady in Indore.
Similarly, prices rolled over in Pakistan despite inching up of PSF prices. Traders and yarn producers had stocked up raw material previous to the hike and were more inclined to hold wait-and-see stance. 30s and 60s spun polyester prices were both down US cent 1 per pound on the week.
Courtesy: Weekly PriceWatch Report
