PFY Highlights from 15-30, Jun 2009
Polyester filament yarn prices were significantly rising in China, after intermediate prices moving higher. The rebound in PTA and MEG prices should however rapidly end in the near term, as demand remains weak from China's textile industry. Overall polyester filament yarn market went up. Polyester filament yarn market is expected to extend bullish runs next week, as feedstock is strong and demand shows sign of a recovery. It is expected that due to cost support and slightly increasing downstream demand, prices for polyester filament yarn in July are expected to go up.
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