Polyester
Polyester filament yarn prices dropped across all specs due to poor feedstock movement and muted the trading atmosphere in China amid pessimistic downstream mills. Markets also adversely impacted by unfavorable crude oil and PTA futures prompted local offers to drop, and firm deals negotiable. However, trading atmosphere remained thin, as downstream mills mainly adopted a wait-and-see stance. POY offers dropped sharply by US cents 10-13 in Shengze, with 75/72 at US$1.64-1.65 a kg and 75/36 also at US$1.64-1.65 a kg. 75/72 intermingled DTY prices were down US cents 9 at S$2.10-2.11 a kg and 75/36 down US cents 12 at US$2.09-2.09 a kg. FDY offers were down US cents 10-12 with 50/24 at US$1.68-1.70 a kg and 150/96 FDY at US$1.50-1.51 a kg.
In Pakistan, given the sharp weakening currency, local producers continued to adjust offers closer to imported goods prices although raw material was softening fast. Downstream buyers adopted a wait-and-see stance, causing mixed trading atmosphere. Selling indications for local goods were raised by PakRs4 for 300/96 DTY intermingled to PakRs120 a kg (US$1.98 a kg, up US cents 5) and imported goods were stable at PakRs118 (US$1.95 a kg, down US cent 1).
In India, mainstream producers retained their offers for polyester filament after they were cut for October. Overall, sales were lackluster this week. POY offers were stable, with 115/108 at INR104 a kg or US$1.42 a kg and 130/34 POY at INR96 a kg or US$1.31 a kg.
Nylon
Nylon filament yarn markets were under downward correction this week, in line with flat chip market and moderating caprolactam prices. The operating rate averaged 81% in China, while production at terminal sector were cautious. Thin demand from semi-dull fabric weighed on offers, but demand from the full-dull fabric sector was passable. Thus, filament production was just above break-even levels. Nylon-6 FDY market was stable to weak given flat feedstock as demand from wool spinning sector was tepid and that from weaving sector was passable. Nylon-6 DTY market was weak amid modest demand. Cord fabric prices remained unchanged as demand from tire sector was stable. Monofilament 30D prices slipped but margins were good. Staple fibre prices were down amid tepid demand. Offers for nylon FDY70D/24F SD dropped at the upper end to 23.50-23.80 Yuan a kg (US$3.38-3.42 a kg, down US cents 3), while DTY70D offers fell to 24.00-25.00 Yuan a kg (US$3.45-3.60 a kg, down US cents 8).
In India, nylon filament prices were raised in line with a recent surge in offers from China, while domestic demand was slightly up. 20 SD filament prices were raised this week to INR310 a kg (US$4.22 a kg, up US cents 14) in the Surat market.
Viscose
Viscose filament yarn prices were largely stable in China and India, while liquidity was modest as downstream converters reported poor order intakes. In China, sales of full-dull 120D yarn were fair, but that of other specs was lackluster. Price-wise, offers for first-class, second-class and third-class VFY 120D were seen rolling over from last week. As pulp prices have risen in recent weeks and despite this higher cost, viscose filament prices are expected to move sideways, due to poor downstream fabric markets.
Offers were stable with 120D bright at 39.30 Yuan a kg (US$5.65 a kg), and dull at 38.95 Yuan a kg (US$5.60 a kg). 300D bright was flat at 29.75 Yuan a kg (US$4.28 a kg) and dull at 26.25 Yuan a kg (US$3.78 a kg). All quotes were down US cent 1 due to weak Yuan. In India, VFY prices were stable both in INR and US$ terms, with 100D bright VFY at INR388 a kg (US$5.29 a kg) and 450D at INR 225 a kg (US$3.07 a kg).
