Polyester
Polyester filament yarn market sentiments were stable and quiet in China in the week-long holiday as downstream mills maintained short-covering activities. In Shengze, producers maintained stable offers for DTYs, FDYs and POYs at previous week’s levels. POY offers are notionally rolled over with 75/72 at US$1.77-1.79 a kg in Shengze and 75/36 at US$1.74-1.76 a kg. 75/72 intermingled DTY prices were at US$2.18-2.20 a kg and 75/36 at US$2.14-2.15 a kg.
In Pakistan, selling indications for DTYs were held stable by local producers as imported material offers did not move during the week. Trading atmosphere was passable, as downstream mills purchased from hand to mouth. In Pakistan, selling indications were stable for 300/96 DTY intermingled local goods at PakRs80 a kg (US$1.43 a kg) and imported at PakRs111 (US$1.99 a kg).
In India, offers from major producers were cut and production was reduced amid high raw material cost and limited downstream demand. In Pakistan, selling indications for DTYs were stable both from local producers as well as imported goods. POY offers were cut INR6 and down US cents 10 in US terms, with 115/108 at INR104 a kg or US$1.41 a kg and 130/34 POY at INR96 a kg or US$1.30 a kg.
Nylon
Nylon filament yarn prices remained firm on higher nylon chip and caprolactam costs in the week-long national holiday in China. Demand for FDY was muted, however it was modest before the holidays. Warp-knitting, weaving and AJ covering sectors operated at 65% of capacity, while circular-knitting mills and lacing mills were running at 45% capacities. Overall, nylon yarn prices may firm up further after the holiday on rising chip prices this week. FDY market sentiment will firm up strong feedstock while demand from the weaving sector may pick up, leading to tight supply. Nylon DTY market will remain firm due to higher cost and improving demand although mills rate has weakened somewhat.
In China, offers are notional rolled over for nylon FDY70D/24F SD at 23.80-24.50 yuan a kg (US$3.46-3.56 a kg), while DTY70D offers were at 24.50-26 yuan a kg (US$3.56-3.78 a kg). Cord fabric 1,260D prices offers were at 27.50-28.50 yuan a kg (US$4-4.14 a kg) while mono filament 30D prices rolled over at 25-25.50 yuan a kg (US$3.63-3.71 a kg). Nylon staple fibre 1.5D prices were stable at 21-21.50 yuan a kg (US$3.05-3.13 a kg). In India, 20 SD filament prices did not change this week and were at INR300 a kg (US$4.14 a kg, down US cents 6 due to weak INR) in the Surat market.
Viscose
Viscose filament yarn prices remained range bound in the holiday swathe week, with China on week-long Golden Week National holidays. Prior to the holidays, prices for 120D first-class, second-class and third-class goods were pegged at the previous week’s levels in China. Prices may remain firm after the week-long holiday. In India, too, VFY prices generally rolled over amid weak demand. However, export markets saw some improvement. According to the latest Fibre to Yarn Export Statistics, viscose filament export had risen 18% by volume and 26% in value in August 2018, compared to their levels a year ago.
In China, VFY offers are notionally rolled over with 120D bright at 39.30 yuan a kg (US$5.71 a kg), and dull at 38.95 yuan a kg (US$5.66 a kg). 300D bright were flat at 29.75 yuan a kg (US$4.32 a kg) and dull at 26.25 Yuan a kg (US$3.82 a kg). In India, VFY prices were stable in INR terms and down US cents 4-8 in US$ terms, with 100D bright VFY at INR388 a kg (US$5.27 a kg) and 450D at INR 225 a kg (US$3.06 a kg).
