Prices of spun polyester yarns in China remained range bound in the week ended June 12, while transaction volume remained low. Mainstream offers rolled over previous week’s numbers for 32s while 45s saw moderate transaction. Some yarn makers reduced run rate during the wheat harvesting season. Further, yarn demand was difficult to improve due to high fabric inventory. In India, polyester prices have fallen in early June after surging in May and this is now reflected in the fall in polyester yarn prices across markets. In Pakistan, spinners are seeing sharp drop in their margins for producing 100 per cent polyester yarn since their prices have almost remain static for a long period.

In India, polyester yarn 30 knitting yarns were down Rs 2 at Rs 136 a kg ($2.12 a kg, down US cents 3), in Ludhiana market while they fell Rs 3 in Indore market to Rs 149 a kg. In Pakistan, 30s spun polyester was pegged at $2.16 a kg and 60s at $3.49 a kg.