In Shengze, offers for 32s and 45s polyester yarn were up in the last week of November. In Qiangqing, offers for 32s weaving yarn were flat on the week. In US$ term, they were up US cents 2-3 a kg on the week, due to strong Yuan.
Polyester yarns offers in Shengze market picked up amid moderate enquiries and selling sentiment and did not see notable improvement. There was huge uncertainty about the sentiment in the future, thus players held heavy wait-and-see stance. They did not have too much interest to stock up huge raw materials too.
In Pakistan, polyester spun yarns prices did not change, despite the rise in PSF prices in November, supported by the firm polyester intermediate prices.
In India, demonetisation policy has almost halted trade and transport of yarns thereby reducing economic growth in and negatively affecting the INR.
Courtesy: Weekly PriceWatch Report
In May 2020, nylon filament yarn prices were talked up amid climbing prices in the upstream CPL and nylon chip…
In May 2020, polyester filament yarn prices recovered in China supported by higher prices in the polyester staple fibre markets.
Viscose staple fibre prices in April were mostly down in the Asian markets of China, India, and Pakistan. In China,…
Feedstock, propylene prices in Asia fell in April amid historic lows in the crude oil and naphtha markets that month.…
Nylon or polyamide chip markets slumped in March amid weakening prices in the raw material CPL markets while downstream buying…
In March 2020, polyester staple fiber (PSF) prices declined month-on-month in China as demand was weak and supply was abundant.…