PSF Highlights from 15-30, Jun 2009
In the beginning of this fortnight, while feedstock, polyester filament yarn and chips performed well, polyester staple fibre market was dominated by wait-and-see attitude due to lusterless sales. Later, prices began to move up on soaring MEG values in the Chinese domestic market. Demand recovered for replenishing stocks but prices were expected to remain stable due to slack sentiment in the market. Sales were moderate during the period. It is expected that in July downstream demand is expected to pick up slightly, and sentiment is likely to remain stable in early part of the month.
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