Polyester yarn price declines in Asia

YarnsandFibers News Bureau 2016-01-15 06:55:23 –

In Shengze of Jiangsu, offers for 32s polyester yarn prices declined US cents 3 a kg in the last week of December 2015, and those for 45s fell US cents 4 a kg.

Spun polyester yarn price inched down in China amid poor sales situation. Offers were weakly stable amid thin transaction in line with PSF values that week.

Some sporadic deals were concluded on the back of limited demand.

Producers did not run at high rates, and they held low interest to buy raw materials. Most producers just bought goods to meet rigid demand were inclined to buy low-priced goods.

In India, spun polyester prices also fell in the meantime.

Polyester yarn 30 knitting yarns prices declined INR2 a kg (down US cent 1) in Ludhiana market while they fell INR1 a kg in Indore.

In Pakistan, yarn markets remained depressed due to lack of demand from the downstream textile producers.

Low level of business activities was reported in the Faisalabad market, where fine count yarns are however attracting a relatively stronger demand.

30s spun polyester prices fell US cents 2 a kg on the month.

Courtesy: Weekly PriceWatch Report

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