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PET chips & PSF prices up in second-half of April

05
May '12
In the second-half of April, PET chips and polyester staple fibre (PSF) followed an upward trend, while polyester filament yarn (PFY) remained steady in USD based Asian market region.

Polyester chip market moved upwards and went up in the second fortnight of April in the USD based Asian market region.

Polyester chip prices climbed up supported by rigid demand from the downstream players.

However, overall polyester chip market stabilized towards the end of the third week and stayed stable during the last week of April.

The PSF market too followed the upward trend during the first week of the second fortnight of April and in the second week of the fortnight, PSF prices remained stable.

Backed up by low inventory and cost support, it is expected that PSF trends will remain stable in the short run and might show some improvement after May Day holidays.

On the other hand, polyester filament yarn (PFY) prices remained steady in the reporting period in line with the feedstock market.

Downstream textile players were cautious in replenishing stocks, and purchased mainly on hand-to-mouth during the same period.

It is expected that PFY price will stay stable-to-soft in the short run.

Fibre2fashion News Desk - India


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