In China, offers for ring?spun 30s weaving yarn in Xiaoshan were flat in the last week of January, while compact siro?spun 40s yarn in Jiangsu was up US cents 2 a kg on the week. Viscose yarn spinners gradually wrapped up their business in China that week, indicating growing holiday atmosphere. Offers for viscose yarn were generally mixed with some specs rolling over while some gaining.
In India, growing export demand was supporting viscose yarn markets while stable VSF cost was maintaining spinners margins. Trading was recovering in yarn markets from the disruption of demonetization policy, which had left players cash crunched. 30s viscose spun knitting yarn prices gained INR2 a kg (up US cents 2).
In Pakistan, viscose yarn prices remained unchanged on Karachi market drawing support from stable VSF cost and rising cotton yarn prices.
Courtesy: Weekly PriceWatch Report
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