Prices of polyester chain moderated a bit after generally rising earlier on cost support. Polyester chip markets weakened as oil prices tumbled last week. Offers for semi dull chips fell US $ 50-60 a ton on the week while those for super bright chip were down US $ 30-50 a ton. In China, Polyester Filament Yarn (PFY) trading varied from producer to producer as some reported low-end numbers. In Fujian, PFY trading was sluggish amid thin participation and steady cost. In Jiangsu and Zhejiang, PFY prices were generally lower and discounts were available. In Pakistan, polyester filament markets were stable to weak amid thin trading. Draw Texturised Yarn (DTY) prices were revised down amid tepid trading, and inventory level increased slightly. In India, prices of Partially Oriented Yarn (POY) were stable amid weak trading. Many producers were producing for downstream DTY units that seemed to show restocking interest recently. In China, POY 75/72 and 75/36 were steady while Indian POY 130/34 prices rolled over. In Pakistan, DTY prices for 300/96 were down PakRs2. Polyester fibre markets were depressed on the whole by continuous fall in raw material costs emerging from the crude oil markets. In Jiangsu and Zhejiang an d Fujian, 1.4D direct-melt-spun Polyester Staple Fibre (PSF) was down US cents 4 per kg from last week. In Pakistan, prices in Karachi were up PakRs2 a kg while PSF prices were stable in India.
