Global Manmade Fibre Markets In The Week Of January 14

MUMBAI (Commoditiescontrol) – Manmade fibre prices were relatively stable in the week end 14 January, with no signs of weakening apparently due to firming cotton prices particularly of Asia origin.

PSF
Polyester staple fibre prices were relatively stable on a weaker side in eh week of January 14, as crude oil benchmarks fluctuated in a narrow range while PTA and MEG values edged up from fluctuation. In China, PSF players were actively negotiating prices and offloading goods as they lowered offers from stability. Traders and downstream yarn producers had shut down or were closing business in succession, as the Spring Festival drew closer. Offers for 1.4D direct-melt-spun PSF in Jiangsu and Zhejiang fell to US$1.18-1.20 a kg, down US cents 3 on the week.

In India, PSF prices have been rolling over at US$1.25 a kg since their last revision in mid-December.

In Pakistan, PSF prices remained unchanged at US$1.18-1.20 a kg after they were hiked last week. In general, coming week may see prices likely to go down in weakness.

ASF

Acrylic staple fibre prices rolled over in Asian market supported by firm cost. Offers for Taiwan origin 3D bright ASF tow were at US$1.75-1.78 a kg. In China, ASF producers showed obvious intentions to raise prices, which may push up prices continuously. Downstream mills slightly followed up, amid moderate sales. Besides, some mills will gradually finish their business for the festival from next week. Medium-length fiber and cotton-type staple was traded at US$1.88-1.94 a kg, rolling over on the week. Jilin Chemical Fiber pegged indications for ASF at US$1.94 a kg for medium‐length and tow atUS$2.10 a kg.

In India, ASF prices rolled over although buying interest picked up somewhat due to colder weather and seeing producers mulling to raise the prices. Producers’ offers remained unchanged at US$1.85-1.87 a kg.

In Pakistan, ASF remained unchanged with 1.2D ASF at US$1.88 a kg as demand remained subdued.

VSF
Viscose staple fibre markets were stable during the week in China, seeing flat offers for medium‐end and high‐end goods. Downstream mills gradually stopped operations for the upcoming festival, so overall trading atmosphere cooled down gradually. In turn, VSF producers fulfilled previous orders. Offers for medium‐end VSF were at US$2.41-2.47 a kg with firm deals in the range of US$2.41-2.44 a kg. High-end VSF offers were at US$2.47 kg and discussion and firm deals at US$2.45-2.47 a kg.

In Pakistan, VSF prices gained further in the week seeing cotton and PSF prices firming up in recent weeks. 1.5D jumped another PakRs5 on the week to PakRs240-243 a kg (US$2.29-2.32 a kg, up US cents 5) in Karachi market.

In India, VSF prices remained unchanged at US$2.11-2.21 a kg, on stable to firm spun yarn prices.

(By Commoditiescontrol Bureau; +91-22-40015522)