Opening snapshot
Domestic polyester filament yarn (PFY) prices weakened across Asia’s three largest markets during the week ended July *. TexPro data show DTY ***D/**F prices declined in China, India and Pakistan, while Partially Oriented Yarn (POY) grades also moved lower. The broad-based decline reflects soft downstream demand and narrowing processing margins rather than disruption in any single market. For buyers, the current weakness offers an opportunity to secure near-term requirements before upstream costs or demand conditions change.
Key price movement
DTY ***D/**F recorded declines across all three markets. China’s domestic ex-mill benchmark fell *.** per cent during the week to CNY *,***/mt from CNY *,***/mt. India’s Surat–Bhiwandi domestic price dropped *.** per cent to INR ***/kg, the largest decline among the three markets, while Pakistan’s Karachi-Faisalabad ex-mill price eased *.** per cent to PKR ***/kg.
POY prices also weakened, although the decline was less pronounced in China. China’s POY ***D/**F price slipped *.** per cent to CNY *,***/mt, while Pakistan’s benchmark fell *.** per cent to PKR ***/kg. In China, DTY prices declined nearly three times faster than POY, narrowing the DTY-POY spread and indicating pressure on texturising margins as finished-yarn demand remained weak despite relatively stable upstream feedstock costs.
Why prices moved
