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Brent’s 12% surge pushes Asian PFY Higher by up to 2.61%

Brent’s 12% surge pushes Asian PFY Higher by up to 2.61%



Brent’s 12% surge pushes Asian PFY Higher by up to 2.61%

Key price movement

The week**;s strongest increase was recorded in China**;s POY **D/**F, which rose from CNY *.***/kg (~$*.**/kg) on Monday to CNY *.**/kg (~$*.**/kg) on Friday, representing a *.** per cent gain. POY ***D/**F increased *.** per cent, moving from CNY *,***/mt (~$*,***/mt) to CNY *,***/mt (~$*,***/mt).

DTY grades also posted gains, although at a slower pace. DTY ***D/**F rose *.** per cent to CNY *,***/mt (~$*,***/mt), DTY ***D/**F increased *.** per cent to CNY *,***/mt (~$*,***/mt), and DTY **D/**F advanced *.** per cent. India**;s DTY ***D/**F benchmark climbed *.** per cent to ****;***/kg (~$*.**/kg), supported by higher imported feedstock costs and continued weakness in the rupee. Pakistan**;s DTY and POY ***D/**F benchmarks remained unchanged at PKR ***/kg (~$*.**/kg) and PKR ***/kg (~$*.**/kg), respectively.

Table *: TexPro Intra-Week Price Summary- PFY (Mon July **, **** → Fri July **, ****)



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