Viscose yarn prices plunge in China

In China, mainstream prices of 40s compact siro-spun yarn in Jiangsu fell US cents 8 a kg while 30s spun viscose in Xiaoshan were down US cents 3 a kg in the third week of December.

Spun viscose yarn prices fell in line with VSF prices. Offers for siro-spun 40s yarn mostly dropped while for compact and siro-spun 40s yarn fell significantly.

Discussions for Xiaoshan-origin ring-spun 30s yarn were mostly heard at less than previous week’s level.

In India, viscose yarn prices rolled over as producers continued to maintained low operating rates to support pricing. 30s viscose spun yarn prices rolled over on the week at INR163 a kg (US$2.44 a kg) in Indore market.

Raw material VSF prices too were flat on the week, providing the cost support.

In Pakistan, producers reportedly curtailed their export operations as exports have fallen until October this year. 30s viscose yarn was pegged at US$2.64 a kg and 40s at US$3.49 a kg in Karachi market.

Spinning mills are likely to shift to domestic market or even shut down operations.

Courtesy: Weekly PriceWatch Report