Polyester

Polyester staple fibre markets in China were dominated by sidelined stance as the markets were on a weeklong national holidays. Prices are notionally rolled over, after they edged down before the holidays a week ago. Offers are notionally rolled over with 1.4D direct-melt PSF at 10.55-10.80 yuan a kg (US$1.53-1.57 a kg) in Jiangsu and Zhejiang while the same in Fujian and Shandong at US$1.54-1.57 a kg. Export offers, were at US$1.30-1.35 a kg FOB China.

In Pakistan, PSF prices did not move this week after rising in early September and stayed at a relatively high level, with import offers from China slightly receding at the same time. 1.4D PSF producers’ offers were stable at PakRs.198-200 a kg (US$1.60-1.62 a kg).

In India, polyester fibre producers have reportedly cut production under pressure from higher purified terephthalic acid prices. Offers rolled over both in INR terms and down US cents 2 in US$ terms with 1.2D at INR95 a kg (US$1.28 a kg) and 1.4-2D at INR93.75 a kg or US$1.27 a kg. No revision is proposed for October prices as upside potentials appear limited.

Nylon

In China, nylon staple fibre 1.5D prices were flat at 21-21.50 yuan a kg (US$3.05-3.13 a kg, down US cents 5).

Acrylic

Acrylic staple fibre markets were quiet this week amid weeklong holidays in China for its National Day and mid-autumn festival. Thus, prices notionally rolled over for the week in China. Despite further uptrend in feedstock cost, industry look weak after bouts of hikes, despite replenishing interest from downstream mills was lifted recently, considering moderate performance in end use market.

Given the surge in ACN cost, Indian ASF makers hiked offers for October, for the second straight month, implying they could now pass on the cost. Demand is expected to improve as the country embraces winter season in next couple of months. In Pakistan, ASF prices rolled over after they were lifted in early August.

Taiwan origin 3D bright ASF tow offers were stable at US$2.50-2.60 a kg while offers in China for medium-length and cotton-type acrylic fibre were stable at 20.50-21.90 yuan a kg (US$2.98-3.05 a kg). In Pakistan, 1.2D ASF prices remained unchanged in Karachi market at PakRs.360 a kg (US$2.92 a kg). In India, producers’ offers were raised INR3 for October to INR197-208.50 a kg (US$2.68-2.83 a kg, rise negated by weak INR).

Viscose

Viscose staple fibre market sentiment in Asia were generally stable and price rolled over as major markets were closed for a week-long National Day holidays in China. Inevitable inventory may have piled up during the National Day holidays, and some producers may raise offers after resuming operation next week. Thus, attention will be on downstream follow-ups after the holidays. Offers for medium-end viscose goods are notionally rolled over at 15-15.10 yuan a kg (US$2.18-2.20 a kg) and those for high-end goods at 15.30-15.40 yuan a kg (2.22-2.24 a kg). In spot, 1.5D VSF offers are at 15.11 yuan a kg (US$2.20 a kg) and 1.2D at 15.30 yuan a kg (US$2.22 a kg).

In Pakistan, VSF prices rolled over after they retreated in late September, while import offers for VSF was already falling from the Far East. In India, VSF prices generally rolled, after they were raised for September.

In Pakistan, offers for 1.5D VSF rolled over at PakRs270-273 a kg (US$2.19-2.22 a kg) in Karachi. In India, 1.2-2.0D VSF prices were stable at INR148.50-155.50 kg (US$2.02-2.11 a kg, down US cents 3 due to weak INR).