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Polyester chip & PSF prices wane during April 1-15

21
Apr '12
During the period between April 1 and April 15, polyester chip market followed the downward trend in the Asian US dollar based market.

Again in the Asian US dollar based market, polyester staple fibre (PSF) remained stable-to-soft and polyester filament yarn (PFY) market remained steady.

Polyester chip prices went down in the first week of the first fortnight of April in the Asian region in USD based market. Majority of players kept wait-and-see stance during the period.

This downward trend continued in the second-half of the fortnight in the Asian region. In US dollar based export market, bottle grade PET chip prices remained stable but overall market sentiment was relatively weak.

PSF market remained stable-to-soft and prices went down in the Asian region in US dollar based market during the first half of the reporting period.

Buying sentiment has still not improved after holidays in the Chinese domestic market. PSF prices continued to move in the southwards direction even in the second week of the fortnight.

It is expected that buyers may start showing interest in buying PSF in the second fortnight of April.

The PFY market remained steady this time in the US dollar Asian region. Demand from downstream players was lusterless during the first half of the fortnight.

It is expected that PFY market will remain stable-to-soft, due to external market fundamentals and weak demand from the downstream buyers.

PFY trends continued to remain stable during the second half of the fortnight in the Chinese domestic market. Experts expect PFY price will remain stable-to-soft in the second fortnight.

Fibre2fashion News Desk - India


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