In China, offers for ring?spun 30s weaving yarn in Xiaoshan fell US cents 2 a kg in the fourth week of March, while compact siro?spun 40s yarn in Jiangsu was down US cents 6 a kg on the week.
Spun viscose yarn prices fell across the boards in China, with big hurdles in liquidating volumes. Low?end prices for fell to their recent lows while mainstream prices for rabbit?hair?like yarn 28s were pegged a bit higher. With VSF prices started falling on the back of weakening market outlook, it is expected that yarn prices will remain south bound in coming weeks.
In India, viscose yarn prices have not fallen in the week on support of steady VSF markets. However, exports have declined by 20% in February with unit price realization down year on year. The decline in US$ have also limited exports to several countries.
In Pakistan, viscose yarn prices were steady despite VSF prices declined on the week.
Courtesy: Weekly PriceWatch Report
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