In the week of 24 July cotton yarn markets saw marginal fluctuation but were mired in sluggish transactions, with downstream placing thinner orders. In China, sales of regular and high-quality yarns were passable, and those of high-count and combed yarns were limited. Spinners were implementing production cutbacks, and liquidity lagged in most deals. 32s cotton yarn in Shengze market were down US cents 4 a kg on the week while 21s were flat at US$3.07-3.14 a kg.
Indian yarn export prices drop significantly in 2015
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Spun yarn export earnings continued to decline (year-on-year) for the thirteenth consecutive month in May 2015 while volume shipment growth remained on positive territory for some months now. In May 2015, all kinds of spun yarn exports were up 2 per cent in terms of volume but down 11 per cent in terms of value as FOB per unit price fell 12 per cent. Volumes were at 101 million kg worth US$300 million or INR1,890 crore, implying an average unit realisation of US$2.97 per kg. This was down US cents 42 or 12.4 per cent from May 2014.
Polyester pricing moderates across the value chain
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In the week ended 20 March, prices of polyester chain moderated a bit after generally rising earlier on cost support. While crude oil prices were up as US$ weakened on US interest hike uncertainty, Greece issue and report of a new four-year low in the number of rigs drilling oil in US, the impact was otherwise on the downstream derivatives. US crude jumped 4 per cent week end and European Brent snapped two straight weeks of losses as Iran struggled to reach a nuclear deal with world powers.
Filament and spun yarn prices retreating rapidly mirroring oil markets
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Until now the immediate impact of the fall in crude oil prices was mostly on the upstream products of the textile value chains. The very first oil derivative to react was naphtha and further down in the chain each layer had or do have a lag to absorb and pass on the cost reduction since their raw material inventory was built at the earlier high prices. The effect began quickly in the immediate downstream segment and percolating slowly at the end of the value chain, ceteris paribus.
Spun yarn prices rebound in Pakistan as demand recovers, ducks in China
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Spun yarn prices continued shed slightly in the week of 16 May in China, although fibre prices remained more or less stable. However, prices in Pakistan were seen rebounding as demand from overseas buyers was apparently recovering.
