In China, offers for 32s polyester yarn in Shengze were up US cents 9 a kg in the first week of this month which ended on 8th September. Spun polyester prices in China were on uptrend that week in line with a rebound of polyester staple fiber prices. The sales volume of some individual specs was moderate.
In India, polyester yarn offers were held steady that week after rising the previous week.
In Pakistan, spun polyester yarn market was stable as markets were quiet amid Eid festival. Prices were also supported by firm polyester staple fibre cost. Domestic producers of polyester could further raise their price offers in the coming weeks after their margins significantly dropped.
Courtesy: Weekly PriceWatch Report
