In Shengze, offers for 32s polyester yarn rolled over in the second week of May and 45s were stable during the week. In Qiangqing, 32s were also steady on the week.
Spun polyester yarn offers were kept steady that week in China as producers offloaded goods at flat rate since there was no notable change in demand.
Some players saw rigid demand to replenish goods, while griege fabric producers had high inventory and little appetite for yarns.
In Qianqing, PC (65/35) 32s yarn prices rolled over in the second week of May while 45s PC combed yarn prices remained unchanged on the week.
In China, blended spun yarn prices remained unchanged in the week as cotton prices were stuck at the same level on the domestic market while import prices were falling. Spinners were waiting for a clear direction of the future trends before changing their offers.
In Qianqing, PC (65/35) 32s and 45s yarn prices in the first week of May were both down US cent 1 a kg due to weak Yuan.
Blended yarn markets in China were slowly returning to profits after experiencing serious crisis in the past. Cotton prices were moving up in the past two weeks, while PSF and VSF prices were moderating.
In India, polyester-cotton prices increased during the week and posted 5.6% increase over the month as cotton prices rose and polyester and viscose continuing their firmness.
In Shengze, offers for 32s and 45s polyester yarn rose US cents 4 a kg in the last week of April. In Qiangqing, offers for 32s were up US cents 2-4 a kg on the week.
Spun polyester yarns offer in Shengze were stable to up on the back of mild enquiry and selling atmosphere.
In Qiangqing, offers were raised somewhat in spite of sporadic deals that week. After two weeks of replenishment, yarn producers were more cautious in buying PSF and slightly added inventories when prices surged.
In Qianqing, PC (65/35) 32s yarn prices were up US cents 3 a kg in the last week of April while 45s PC combed yarn prices rolled over on the week. In China, the market was slowly recovering due to continuous fall in cotton prices from excessively levels.
In India, blended yarn prices rose on the domestic market due to recovery of cotton prices. In Ludhiana, polyester-cotton yarn prices increased 3% on the week.
30s (65/35) PV warp yarn prices further gained INR1 a kg (up US cent 1) in Indore market. In Ludhiana, PC 30s (52/48) prices jumped INR5 a kg (up US cents 6).
In Shengze, offers for 32s polyester yarn rolled over in the third week of April and 45s were stable on the week. In Qiangqing, offers for 32s were steady during the week.
Spun polyester yarn offers were stable that week in China as PSF markets kept rising and may pull up spun polyester market in coming weeks. However, terminal demand showed no sign of rebound and sale of spun polyester yarn was moderate.
Purchase of PSF was only to meet rigid demand, particularly after the additional volumes bought that week. Buyers will be more cautious going ahead.
Blended yarn prices rolled over in China and Pakistan in the third week of April while they inched up in India on demand supply fundamentals.
In India, PV yarn prices inched up on recent upward revision in VSF and PSF prices while polyester-cotton rose on firmness in cotton prices. 30s (65/35) PV warp yarn prices gained another INR1 a kg (up US cents 2) in the third week of April in Indore market. In Ludhiana, PC 30s (52/48) prices increased INR2 a kg (up US cents 3).
In Shengze, offers for 32s polyester yarn fell US cents 2 a kg in the second week of April and 45s were down US cents 4 a kg. In Qiangqing, offers for 32s were stable during the week.
Spun polyester yarns markets were stable amid moderate enquiries and sales. However, offers moderated somewhat in Shengze while they were stable in Qiangqing amid scarce demand and no bulk deals.
In India, 30s (65/35) PV warp yarn prices in the second week of April gained INR2 a kg (up US cents 3) in Indore market. In Ludhiana, PC 30s (52/48) prices rolled over during the week.
The recent hikes in PSF and VSF price in India, pushed PV prices up that week in Indore market while demand was still weak. Meanwhile cotton prices also gained substantially, but PC market was yet to react as prices rolled over, implying that they might rise in coming weeks. Spinners will tend to pass-on cost if demand remains firm.
In Qianqing, PC (65/35) 32s yarn prices were stable in the first week of April while 45s PC combed yarn prices declined on the week. In China, blended spun yarn prices slightly declined in the week in line with a fresh drop in cotton and recent fall in polyester values.
