Polyester fiber yarn prices firmer amid a rebound in PTA and MEG markets

In May 2020, polyester filament yarn prices recovered in China supported by higher prices in the polyester staple fiber markets. Market transactions improved in the first half of May due to massive procurement by the downstream units but buying sentiment softened later. In China, POY 75/72 prices were up US cents 4 a kg in Shengze while Indian POY 130/34 prices were down US cents 2 a kg.

Polyester spun yarn prices in May were firm in China underpinned by recovering polyester feedstock markets. In India, spun polyester yarn prices were steady amid quiet market sentiment while lock-down eased in some parts of the nation. In Pakistan, polyester yarn prices were flat amid muted buying interest during the month. In Shengze, offers for 32s polyester yarn were up US cents 1 a kg. In India, 30 polyester knit yarns were stable in the Ludhiana market. In Pakistan, the 30s spun polyester was down US cents 2 a kg as compared to last month.

Polyester staple fiber (PSF) prices were range-bound in China on decent buying sentiment and higher costs in the upstream polyester markets in May 2020. However, the buyers were cautious after the price hikes in the H1 of May. The trading activity cooled down in H2 comparatively. Prices in India and Pakistan were flat amid movement restrictions in the countries. In China, 1.4D PSF offers in May were stable as compared to April. In India, 1.2D PSF prices fell US cents 2 a kg from the previous month. In Pakistan, prices in Karachi were down US cents 2 a kg on the month.