Blended yarn price declines in India, Pakistan

In Qianqing, PC (65/35) 32s yarn prices rolled over in the last week of November while 45s PC combed yarn prices were stable on the week, however, both were up US cent 1 due to strong Yuan.

Blended yarn pries in China were relatively unchanged although fibre prices rose resulting in drop in margins at spinning mills. Imported yarn prices have also risen in Yuan terms, after the renminbi declined in previous weeks.

In Pakistan, PC yarn prices declined depending on counts, due to a rise of available quantities and drop in sales in the past weeks. VSF prices moderated while cotton was dearer in the week. 20s PC (52/48) carded yarn prices fell US cents 4 a kg on the Faisalabad market while 30s were also down US cents 4 a kg on the week. PV 30s yarn prices were during the week.

In India, demonetisation has almost suspended trading and transport pressurising prices to fall and expected to reduce economic growth. 30s (65/35) PV warp yarns prices inched down further INR1 a kg (down US cents 2) in Indore market while PC 30s (52/48) prices in Ludhiana were down INR1.80 a kg (down US cents 4).

Courtesy: Weekly PriceWatch Report