8 January 2016
Polyester prices have been kept unchanged or slightly declined in the first days of January in India. New capacities of textured yarns could now pressure prices. Our monthly report offers a comprehensive view of price offers in rupee and US$ terms, including polyester staple fibers, POY, FDY and textured yarn prices. Historical charts and data are available, covering the past 10 years.
Polyester staple fiber prices have continued to decline over the last weeks in India.
Benchmark 1.4D PSF was offered at US$73.50 in the first week of January, down 1 rupee or 1.34% from December.
After rebounding in the three months from September to November, PSF prices are now falling in line with the long-term trends observed on the global market.
Crude oil prices have sharply dropped in the last weeks, further depressing PTA prices which are also pressured by excess supply in India.
PTA prices have been down 3.7% in early January, from their level a month earlier, in rupee terms.
MEG prices have rebounded in January, due to tighter supply on the global market, after a few producers have shut down their facilities.
Glycol prices have however fallen 13.5% in the last three months in India, in rupee terms, even plunging 19% in US$ terms.
Textured yarn prices have stayed unchanged in the first days of January or very slightly declined, being supported by a higher level of demand in the last months.
Inventories have been reduced but new capacities will be commissioned in the coming period, possibly resulting in lower prices.