In China, offers for 32s polyester yarn in Shengze were flat in the third week of June. In Zhejiang, 32s weaving yarn prices were steady during the week.

Polyester spun yarn prices were stable in China as offers for 32s and 45s in Shengze rolled over and sales volume was moderate. There was heavy bearish mood due to fall in crude oil prices, and cost support from feedstock market moderated. Spinners were watching price trend raw material and the number of orders from downstream producers in coming weeks.

In India, polyester yarn prices remained unchanged after being lifted in early June following hike in PSF prices. Exports failed to pick up as shipment in May declined 14%, recording four straight months of drop.

In Pakistan, polyester yarn prices remained unchanged, in line with the stability of PSF prices. Spinners has slowed down activity with the approaching of Eid-ul-Fitr holidays.

Courtesy: Weekly PriceWatch Report