In Qianqing, PC (65/35) 32s yarn prices rolled over in the third week of May while 45s PC combed yarn prices were down US cents 2 a kg (due to weak currency).
In China, blended yarn markets were stable over the week, due to stability of fibre prices. Nevertheless, import prices were rising in Yuan terms, due to a rebound of the US$, implying that spinners will compete with imported goods.
In Pakistan, demand for fine counts of polyester-viscose yarns was depressed following recovery in imports from India. 20s PC (52/48) carded yarn prices were up PakRe1 per pound on the Faisalabad market while 30s were flat on the week.
In India, spinners were developing their exports of blended yarns, with polyester-cotton and polyester-viscose at the core of their new strategy. 30s (65/35) PV warp yarn prices moderated INR1 a kg (down US cents 2) in Indore market. In Ludhiana, PC 30s (52/48) prices rolled over during the week. Exports of both PC and PV yarn surged in April both in volume and value terms, although price realisation was down, largely due to fall in fibre prices.
Courtesy: Weekly PriceWatch Report
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