Polyester staple fiber prices are now clearly expected rising in China after material costs have rebounded in the past days. Filament yarn prices have already been raised and spun yarn prices could follow the same trend.
Polyester staple fiber prices may now be expected rising in China whereas filament prices have already bottomed out in the last days.
A rebound of PTA and MEG is forcing polyester producers in raising their offers in order to maintain their margins.
PTA prices have surged 6.4% in the last seven days in China whereas glycol prices were even increasing by 7.1%.
PSF offers have been slightly raised by mid-week before more significantly rising in the coming days.
POY prices have gained 240 yuan per metric ton or nearly 3% in the last seven days.
Demand for polyester fiber prices may now be expected recovering, due to more positive anticipations and a need for replenishing stocks in this period of the year.
Operating rates have surged from 82% to 86% at polyester plants in order to follow the rise of demand from processors.
POY inventories have slightly increased from 13 to 16 days whereas PSF inventories were not moving at 10 days.
Spinners are also expected to raise their price offers in the coming days, in line with the rise of PSF prices.
Source: Emergingtextiles
