In Qianqing, PC (65/35) 32s yarn prices edged down US cent 1 a kg in the first week of November while 45s PC combed yarn prices were flat on the week. 32s PV (65/35) rolled over on the week.
Blended yarn prices fell on China’s domestic market, with import prices more sharply dropping, and therefore opening opportunities to foreign goods. Fibre prices were too dropping, thus giving yarn makers some room to maintain margins.
In Pakistan, cotton and VSF prices started declining, leading to fall in blended yarn prices but not significantly by contrast. Spinners were trying to maintain their margins by limiting the fall of their offers. Meanwhile, yarn production was recovering, as usual in this time of the year while could pressure yarn prices later.
In India, blended yarn prices did not change that week although cotton prices inched up. Spinners kept offers unchanged for a while, and therefore saw better margins.
Courtesy: Weekly PriceWatch Report
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