In China, POY offers in Shengze were up US cents 5-6 a kg in the second week of December. In Shengze, 150/96 FDYs offers were up US cents 6 a kg, while 50/24 FDY were up US cents 18 a kg on the week.
Polyester filament yarn markets rallied significantly in China and India taking cue also saw prices rise in domestic market. With both crude oil and PTA futures rallying and MEG surging PFY makers maintained offers stable to firm though spot trades slowed down from later in the week.
In Pakistan, PFY sentiment rolled over but the market lost steam citing thinner trading volumes. Selling indications for DTY were heard rolling over on the week.
In India, POY offers climbed that week, although trading atmosphere was lusterless, as downstream buying enthusiasm was quiet. 130/34 POY prices were up INR3 a kg (up US cents 2-3) during the week.
Courtesy: Weekly PriceWatch Report
