Source: Tecoya Trend
By Our Special Correspondent
MUMBAI, JAN. 31
The polyester spinners today announced reduction of polyester prices for February deliveries. The polyester staple fibre (PSF) prices have been reduced by Rs. 2500 per tonne while partially oriented yarn (POY) has been lowered by Rs. 2000 per tonne effective from today. After the price reduction, 1.4 Denier PSF will now be quoted at Rs. 102.25 per kg. while 130/34 POY will be pegged at Rs. 111.25 per kg, informed market sources. The market sources said that the reduction will bring some respite for the downstream industry. There are expectation of demand revival in the coming week on account of reduction in polyester prices, sources added. (Source:Tecoya Trend)