In Qianqing, PC (65/35) 32s yarn prices were up US cents 2 a kg in the third week of February while 45s PC combed yarn prices were up US cents 3 a kg.
Blended yarn prices did not move after the long Lunar New Year holidays in China as competition from imported yarns continued to fade amid a continuous drop of raw material costs. However, the yarn markets were slow in returning to normal operation, after the holidays.
Demand is expected to progressively increase in the coming weeks.
In India, polyester yarn 30 knitting yarns prices gained INR2 a kg (up US cents 3) in Ludhiana market while they fell INR2 a kg in Indore market (down US cents 3).
In Qianqing, offers for 32s polyester yarn prices were notionally at US$1.53-1.57 a kg, and 45s at US$1.71 a kg in Shengze.
As polyester staple fibre prices moderated, margins of spun polyester producers improved in January and early February in China, India and Pakistan.
Gross margins of yarn makers improved, however sharply increasing in India by 14, and very slightly improving in China.
In India, 30s (65/35) PV warp yarn prices inched up further INR1 a kg (up US cent 1) in Indore market in the second week of February. In Ludhiana, PC 30s (52/48) prices gained INR2 a kg (up US cents 3).
Blended yarn prices have further risen in India during the week, although fibre price rolled over while cotton was still cheaper. The price rise was in line with a reduction in operating rates since the beginning of the year.
Meanwhile export prices were sliding due to the absence of buyers from China, while export to Pakistan is likely to fall.
In Qianqing, offers for 32s polyester yarn prices remained unchanged in the first week of February and those for 45s were stable in Shengze.
Polyester spun yarn prices were stable amid thin transaction in China. Many spun polyester yarn plants remained closed for Lunar New Year holidays and enquiring atmosphere was mild amid hindered logistics.
In India, polyester yarn producers could however found difficulty in maintaining prices at current levels, as a result of a sharp fall yarn exports to China.
In Qianqing, PC (65/35) 32s yarn prices were stable while 45s PC combed yarn prices rolled over in the first week of February.
Blended yarn prices in China generally rolled over and numbers were notionally quoted since many players had left to Lunar New Year holidays.
In India, blended yarn prices have stayed stable in the week although cotton prices were weakening. Large arrivals of the new crop have depressed cotton prices of certain grades. Yarn producers were finding it difficult to maintain prices at current levels, since China's yarn imports has been dwindling rapidly.
In Pakistan, spun polyester prices remained stable in the last week of January, as yarn producers refused any further reduction. Inventories were reduced by stronger domestic and export sales. 30s spun polyester prices inched up US cents 4 a kg on the week.
In India, polyester yarn prices moved in different direction. They remained flat in Ludhiana and fell further in Indore.
Polyester yarn 30 knitting yarns prices remained unchanged in Ludhiana market while they further fell INR1 a kg (down US cents 2 also due to weak INR).
In Qianqing, PC (65/35) 32s yarn prices were stable in the last week of January while 45s PC combed yarn prices rolled over on the week.
Blended spun yarn prices remained relatively stable in the last seven days in China, with however a few rates slightly declining.
Spinners were in holiday mood with production being cut in order to reduce inventories before holidays. Inventories were down, especially in case of 24s PC, 31 PC and 38 PC yarns.
In India, polyester yarn 30 knitting yarns prices in the third week of January were down US cents 6 a kg, due to weak INR, in Ludhiana market while they fell US cents 4 a kg in Indore, also due to weak INR.
In Ludhiana, prices have again lost INR2 on the week or about 6 cents per kg, as the INR was eventually sliding.
In Qianqing, offers for 32s polyester yarn prices rolled over on the week, and those for 45s remained unchanged.
In Qianqing, PC (65/35) 32s yarn prices edged down US cent 1 a kg in the third week of January while 45s PC combed yarn prices rolled over on the week.
Price offers for blended spun yarn dropped less sharply in China, ahead of lunar year holidays. Polyester-cotton prices have however been lowered in Qianqing, in line with a slight decline of cotton prices.
Yarn producers were trying to reduce their inventories before holidays and were ready to negotiate prices further.
In Qianqing, offers for 32s polyester yarn prices inched up US cents 2 a kg in the second week of January on the upper end, and those for 45s rolled over on the week.
Spun polyester yarn markets in China were weakly stable, and some sporadic deals were concluded. 32s spun polyester yarn was mainly offered at a roll over in Qianqing. Offers of spun polyester yarns in Shengze were kept steady amid mute trading atmosphere that week.
Some producers shut down units as they held low enthusiasm, and they showed low interest to buy raw materials except some rigid demand.
