In Shengze, offers for 32s polyester yarn were down US cents 2 a kg, and 45s were stable in the last week of March. In Qiangqing, offers for 32s remained unchanged during the week.
Offers for spun polyester yarns in China weakened slightly amid flat downstream demand. 45s saw better sales among other specs.
In India, polyester yarn 30 knit yarn prices were up US cents 2 a kg in the fourth week of March in Ludhiana market while they rose US cents 6 a kg in Indore.
Spun polyester price in India rose INR6 on the week and 5% on the month due to recent hike in PSF prices. With INR having climbed against the US$, prices have even increased by 8.2% in US$ terms.
In Shengze, offers for 32s and 45s polyester yarn rolled over, but both were down US cents 2-3 a kg due to weak Yuan. In Qiangqing, offers for 32s were down US cents 3 on the week.
In Qianqing, PC (65/35) 32s and 45s PC combed yarn prices were both down US cents 2 a kg due to weak Yuan in the fourth week of March.
Blended yarn prices stabilized in China, in line with a similar trend in fibre prices. PSF prices have slightly declined in the week while cotton prices continued dropping with the benchmark indicator falling 2% over the week. Viscose was progressing supporting PV markets.
In Pakistan, 24 PC (52/48) carded yarn further gained PakRe1 per pound (up US cents 2 a kg) on the Faisalabad market while 30s also gained PakRe1 per pound (up US cents 2 a kg).
In Shengze, offers for 32s polyester yarn were stable in the third week of March and 45s were up US cents 10 a kg on the week.
Offers for spun polyester yarns in China were stable, and producers were cautious to buy raw materials. Mainstream offers for 32s rolled over while 45s were dearer on the week. It will take some time for fabric makers to accept earlier price rise for spun yarns since PSF prices were down US cent 1-3 on the week.
In Qianqing, PC (65/35) 32s yarn prices were up US cents 2 a kg in the third week of March while 45s PC combed yarn prices were also up US cents 2 a kg.
Blended spun yarn prices moved in different directions in China, in line with the trends of different fibers and strengthening of the currency. The recent surge in PSF prices has pushed blended yarn prices on local markets. On the import market, prices are too high to compete with domestic suppliers.
In India, 30s (65/35) PV warp yarn prices in the second week of March inched up INR1 a kg (up US cents 4, also due to strong INR) in Indore market. In Ludhiana, PC 30s (52/48) prices rose further INR3 a kg (up US cents 6).
With stronger INR, Indian yarn have become dearer in US$ terms and may not be able to compete in the international markets. On export markets, PC yarns have risen INR2 at US$2.45 a kg FOB. The rise in polyester prices also resulted in PV yarn prices going up.
In Shengze, offers for 32s polyester yarn were up US cents 3 a kg in the first week of March, and 45s were raised US cents 3 a kg. In Changyi, offers for 32s were up US cents 2 a kg.
Spun polyester yarns offers in China were hiked and some bulk deals were concluded. Polyester yarn offers were driven up by rising PSF prices. Producers showed higher interest in replenishing PSF inventories driven by rising prices.
In India, prices have remained firm in the first week of March with PC prices slightly gaining. 30s (65/35) PV warp yarn prices were up US cents 2 a kg in Indore market. In Ludhiana, PC 30s (52/48) prices gained US cents 5 a kg due to strong INR.
In Qianqing, PC (65/35) 32s yarn prices rolled over while 45s PC combed yarn prices were stable during the week.
Firm fibre prices kept blended yarn values stable that week in China and Pakistan while they gained in India also supported by the currency appreciation against the US$.
In India, 30s (65/35) PV warp yarn prices regained INR1 a kg (up US cent 1) in the last week of February in Indore market. In Ludhiana, PC 30s (52/48) prices further gained INR1 a kg during the week.
Blended yarn exports of India declined 4% in January largely due to fall in prices while domestic prices regained its previous week’s fall to neutralise weakening INR.
In China, imports of yarn have fallen as domestic prices were down due to falling cotton prices. However, PSF and VSF prices were firming up as yarn makers resumed operation. Blended yarn prices generally rolled over.
In India, polyester fiber prices have risen in the third week of February with for 1.4D PSF up INR1 after falling INR 2 in early December.
Polyester yarn 30 knit yarn prices gained INR2 a kg (up US cent 1) in Ludhiana market while they gained INR1 a kg (up US cent 1) in Indore.
In Shengze, offers for 32s polyester yarn were at US$1.55-1.58 a kg, and 45s at US$1.72 a kg. In Changyi, offers for 32s were steady during the week.
Polyester yarn producers resumed operation slowly after the Lunar New Year holidays in China and some rigid demand will probably emerge.
