Polyester
Polyester filament yarn prices generally rolled over in China as markets remained closed for most of the week during the Lunar New Year holiday. Prices were seen revised in Pakistan depending on specs, while differences in prices between local goods and imported sort to remain at par or slightly on the either side depending on specs in demand. Prices generally rolled over in India. In China, prices were generally stable after the festival as producers maintained stable prices. Offers for DTYs and selling indications were unchanged, while POYs were on a par with the previous week. FDYs also remained flat, with no business activity reported during the week.
In China, offers rolled over both in Yuan terms and US$ terms. In Shengze, offers for POY 75/72 were at US$1.37-1.39 a kg and 75/36 at US$1.36-1.37 a kg. In India, too, POY offers rolled in INR and US$ terms, with 115/108 at INR100 a kg or US$1.41 a kg and 130/34 POY at INR92 a kg or US$1.29 a kg. In China, prices of 75/72 intermingled DTY were at US$1.86-1.88 a kg and 75/36 at US$1.85-1.86 a kg in Shengze. In Pakistan, selling indications for 300/96 DTY local goods were down PakRe1 to be below imported goods at PakRs107 a pound (US$1.69 a kg, down US cents 2) while 150/48 DTY intermingled local goods were raised PakRe1 to PakRs118 a pound (US$1.86 a kg). In China, FDY offers for 50/24 were flat at US$1.55-1.57 a kg and 150/96 FDY to US$1.48-1.49 a kg.
Nylon
Nylon filament yarn markets held firm to reflect strong chip performance this week although the industrial run rate was at 50% in China. End-users were wrapping up production. Warp-knitting, weaving and AJ covering sectors operated at less than 20% capacity. Meanwhile, circular-knitting mills and lacing mills ran at less than 10% capacities. Nylon-6 FDY prices were firm on stable chip costs while nylon-6 DTY market was stable. Production was slightly above breakeven levels as some mills ran at 90-100%, with others at 60-70% capacity. Overall, nylon yarn market is expected to hold stable. Cord fabric prices were pegged stable as demand from the tire sector was steady. The monofilament market held flat during the week.
In China, offers remained unchanged, both in terms of Yuan and US$ this week. Nylon FDY70D/24F SD offers were at 18.20-19.00 Yuan a kg (US$2.71-2.83), while DTY70D offers were stable at 19.50-21.00 Yuan a kg (US$2.91-3.13 a kg). Cord fabric 1,260D offers were steady at 22.50-24.00 Yuan a kg (US$3.35-3.58 a kg) and mono filament 30D prices at 20.50-21.50 Yuan a kg (US$3.06-3.21 a kg). In India, 20 SD filament prices rolled over on the week at INR296 a kg (US$4.15 a kg) in Surat market.
Viscose
Viscose filament yarn markets in China remained almost shut for the Lunar New Year holiday, celebrated in most parts of NE and SE Asia. Trading was muted by players gradually stop dealing, ending the short week with prices mostly rolling over. Price-wise, offers for first-class, second-class and third-class VFY 120D rolled over. It was reported that producers mostly had intentions to raise the prices, while downstream converters were yet to return. In India, local prices remained unchanged but fell in US$ terms due to weak currency. The market will remain quiet early next week in China but may see some changes after they resume operations along with downstream converters.
In China, offers for viscose filament 120D bright notionally rolled over at 38.80 Yuan a kg (US$5.78 a kg), and dull at 38.45 Yuan a kg (US$5.73 a kg). 300D bright prices were at 29.20 Yuan a kg (US$4.35 a kg) and dull at 25.70 Yuan a kg (US$3.83 a kg). In India, VFY prices were unchanged, with 100D bright VFY at INR388 a kg (US$5.44 a kg) and 450D at INR 225 a kg (US$3.16 a kg). All quotes were down US cent 1 due to stronger US$.
