Polyester
Polyester filament yarn markets were calm in Asia and local offers in China mainly roll over amid lukewarm transactions, seeing downstream mills purchase from hand to mouth volume and consuming their stocks. In Shengze, producers maintained stable prices while selling indications rolled over. Downstream mills were mainly covered short, and trading atmosphere was lukewarm. Sentiment will hardly change much due to low inventory and steady demand before the Spring Festival. In India, producers’ price for POYs were unchanged amid modest sales during the week. In Pakistan, offers for DTYs slightly intermingled, and heavily intermingled were stable both for local goods and imported material. Market sentiment was stable with mild adjustments. Overall, with upstream feedstock prices rising slightly, polyester filament offers will mainly move sideways with thin trading atmosphere.
In China, POY offers were stable in Shengze with 75/72 at US$1.30-1.32 a kg and 75/36 to US$1.29-1.30 a kg. In India, POY offers rolled over INR and down US cent 1 in US$ term, 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, 75/72 intermingled DTY prices were up US cent 1 at US$1.82-1.83 a kg and 75/36 at US$1.80-1.82 a kg in Shengze. In Pakistan, selling indications were stable both for local and imported goods with 300/96 DTY at PakRs111 a pound (US$1.76 a kg) while 150/48 DTY intermingled at PakRs117-118 a pound (US$1.85-1.87 a kg). In China, FDY offers inched up US cent 1 with 50/24 at US$1.48-1.49 a kg and 150/96 FDY to US$1.40-1.42 a kg.
Nylon
Nylon filament yarn prices were seen rising for few specs in China this week amid surging chip values and rising caprolactam cost. Noticeably, FDY prices moved up while DTY prices held stable. Overall, stable chip prices supported the sentiment, but downstream buyers remained cautious when stocking up materials. On the other hand, supply tightened before the Spring Festival, market prices generally held the ground. Nylon-6 FDY market saw passable atmosphere amid stable chip prices and moderate downstream replenishment. Operating on slim margin, and reduced production units started leaving for Lunar New Year holidays.
In China, offers for nylon FDY70D/24F SD rose at the lower end to 18.20-18.50 Yuan a kg (US$2.69-2.73, up US cents 4), while DTY70D offers were flat at 19.50-21.00 Yuan a kg (US$2.88-3.10 a kg). Cord fabric 1,260D offers were steady at 22.50-24 Yuan a kg (US$3.33-3.55 a kg) and mono filament 30D prices jumped to 20.50-21.50 Yuan a kg (US$3.03-3.18 a kg, up US cents 8). In India, 20 SD filament prices were steady on the week at INR296 a kg (US$4.16 a kg, down US cents 4 due to weak currency) in Surat market.
Viscose
Viscose filament yarn markets in China saw downstream converters restock materials for the upcoming Spring Festival from last week, and trading atmosphere was stable this week amid ongoing activities. On the other hand, goods delivery is expected to come to a halt gradually from next week. Price-wise, offers for first-class, second-class and third-class VFY 120D were seen rolling over while stronger Yuan pegged values slightly up in US$ term. In India viscose filament prices generally rolled over as market activities were flat amid stagnant demand. Going ahead, with pre-holiday restocking still ongoing, activities are expected to come to an end next week.
In China, offers for viscose filament 120D bright rolled over at 38.80 Yuan a kg (US$5.73 a kg), and dull at 38.45 Yuan a kg (US$5.68 a kg), both up US cents 2 due to strong Yuan. 300D bright prices remained unchanged at 29.20 Yuan a kg (US$4.32 a kg) and dull at 25.70 Yuan a kg (US$3.80 a kg), up US cents 2 for similar reason. In India, VFY prices were flat in INR but down US cents 3-5 in US$ terms due to weak currency, with 100D bright VFY at INR388 a kg (US$5.45 a kg) and 450D at INR 225 a kg (US$3.16 a kg).
