Hormuz risk could keep Asian polyester costs elevated into September

Asian polyester filament yarn rose in the week to August 22, with Pakistan up 6.93 per cent, China DTY 150D/48F up 3.41 per cent and India up 2.16 per cent.
Crude, PTA and MEG costs, Hormuz risk and firm freight drove gains despite soft loom use and rising inventories.
Mills and exporters face margin and Q4 FOB pressure; prices may move sideways to firm unless risk eases or PTA supply recovers.