Pakistan
Local polyester staple fiber producers raised their prices by almost 4.85% to Rs. 65/kg from Rs. 62 on June 1st, effective immediately. However within a week, the producers split on the fixing of prices as some producers withdrew their increase, while at least two producers lowered their prices further down.
ICI Pakistan and Dewan Salman Fibre did not agree to the upward revision. ICI has not increased its prices, and decided that any price changes should be solely based on its own internal evaluation of business conditions and import costs, and clarified that its selling prices continued to remain at Rs. 62.09, which has not changed since the last revision in …
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