Polyester fibre prices also weakened during the week. Effective July *, ****, polyester staple fibre (PSF) prices were reduced by ****;* per kg, across all major grades. Following the revision, the basic price of *.* denier PSF declined to ****;***.** per kg from ****;***.** per kg, while *.* denier fell to ****;***.** per kg from ****;***.** per kg and *.* denier eased to ****;*** per kg from ****;*** per kg. The price correction reflects lower feedstock costs amid continued weakness in crude oil and upstream polyester raw materials. Acrylic fibre prices were also cut by ****;* per kg from the same date as producers adjusted to lower raw material costs and subdued downstream demand.
Unlike polyester products, the viscose segment strengthened during the week. Grey and dyed viscose staple fibre prices increased by ****;* per kg, modal fibre gained ****;* per kg and Excel fibre rose ****;* per kg, supported by relatively firmer demand and stable supply conditions.
In China, polyester feedstock prices displayed a volatile trend before recovering. CFR China PTA prices fell from $*** per tonne on June ** to $*** per tonne on July * and further to $*** per tonne on July *, before rebounding to $*** per tonne on July *. Similarly, MEG prices declined from $*** per tonne on June ** to $*** per tonne on July * and $*** per tonne on July *, before recovering to $*** per tonne on July *. The late-week recovery suggested renewed buying interest after the earlier correction.
