In India, 30s (65/35) PV warp yarn prices in the second week of March inched up INR1 a kg (up US cents 4, also due to strong INR) in Indore market. In Ludhiana, PC 30s (52/48) prices rose further INR3 a kg (up US cents 6).

With stronger INR, Indian yarn have become dearer in US$ terms and may not be able to compete in the international markets. On export markets, PC yarns have risen INR2 at US$2.45 a kg FOB. The rise in polyester prices also resulted in PV yarn prices going up.

In China, polyester blended yarn prices were significantly rising as polyester fiber prices have sharply increased in the last two weeks. Blended spun yarn prices further rose in India, in line with the rise in polyester prices last week while cotton prices were clearly falling.

In Qianqing, PC (65/35) 32s yarn prices rolled over while 45s PC combed yarn prices were up US cents 2 a kg on the week.

In Pakistan, although blended yarn prices rolled over yarn sellers were not ready to reduce offers as they had relatively low inventory.

Courtesy: Weekly PriceWatch Report