In China, offers for 1.4D direct-melt-spun PSF in the third week of May 2018 moved up in the local currency while the prices were stable in US$ terms.
Polyester staple fibre prices rose further in China while they were stable in India and Pakistan during the week. In China, PSF producers raised their offers slightly in the week while transactions were still moderate.
Demand in the PSF market was decent during the week. However, downstream spinning mills saw less trading activity which discouraged procurement. Overall, polyester staple fiber prices may be firm in coming weeks as there is a need for demand to improve.
In Pakistan, PSF prices were unchanged on the week.
In India, PSF offers rolled over during the week.
Courtesy: Weekly PriceWatch Report
