During the week ending 7 June polyester staple fibre prices slumped in China on the back of recent declines in raw material cost and lukewarm demand. Export offers also reduced after crude oil prices lost ground. Losses in feedstock purified terephthalic acid further exerted downward pressure on polyester fibre prices. The polyester fibre market was largely stable in India and Pakistan. In China, offers for 1.4D direct-melt PSF plunged to 7.00-7.30 yuan a kg (US$1.02-1.06 a kg, down US cents 5) in Jiangsu and Zhejiang while the same in Fujian and Shandong were down US cents 4-5 at US$1.02-1.06 a kg. Export offers were down to US$0.98-1.00 a kg FOB China. In Pakistan, 1.4D PSF offers were flat at PakRs.185-187 a kg (US$1.24-1.26 a kg, down US cent 1 due to weak currency). In India, producers' offers for 1.2D were not revised and were at INR102.50 a kg (US$1.48 a kg) and 1.4-2D at INR101.75 a kg (US$1.48 a kg). Nylon staple fibre offers were lowered at the high end for wool-like items and those used in core-spinning traded at the low end. Suppliers stuck to offers as they could merely make thin margins. 1.5D were cheaper at 14.50-16.00 yuan a kg (US$2.10-2.32 a kg, down US cents 5 at the lower end). Acrylic staple fibre markets in Asia were quiet and prices generally rolled over despite the retreating raw material cost. The viscose staple fibre market sentiment went soft and prices moderated slightly in China.
展开▼
