During the first week of December polyester staple fibre prices moved up in India and Pakistan, but stayed depressed in China. In China, producers rolled back their offers at the onset of the week and kept them unchanged, with discounts available. Most deals were discussed on an order-by-order basis as the purchasing from downstream mills was just for hand-to-month volume. Offers for 1.4D direct-melt PSF eased to 5.45-5.55 yuan a kg (US$0.83-0.85 a kg, down US cent 1) in Jiangsu and Zhejiang while the same in Fujian and Shandong were similarly down at US$0.85 a kg. In Taiwan, offers for 1.4D remained stable at US$0.85 a kg FOB. In Pakistan, producers raised their offers for the second time in four weeks on cost support, while demand was still frail. It was anticipated that the partial lockdown could weaken demand further in the following weeks. Offers were up 2.5% since mid-November. 1.4D PSF offers were raised PakRs2 (US cents 1) to PakRs162-164 a kg (US$1.01 -1.02 a kg).
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