In China, prices of 40s compact sirospun yarn in Jiangsu were down US cent 1 a kg in the third week of April while 30s spun viscose in Xiaoshan fell in yuan terms. Offers for ring-spun 30s yarn were down US cent 1 a kg at the upper end.
Spun viscose yarn prices were weak in China, seeing falls in various specs including ring‐spun, rotor‐spun, siro‐spun, compact & siro‐spun and vortex‐spun yarns. Liquidity was dissatisfactory as well.
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 China, prices of 40s compact sirospun yarn in Jiangsu fell US cents 2 a kg in the second week of April while 30s spun viscose in Xiaoshan rolled over. Offers for ring-spun 30s yarn also fell US cents 3 a kg.
Viscose spun yarn prices were stable to weak in China, as prices at some mills were negotiable due to rising inventory. The fall largely followed the moderation in VSF prices hit week after 13 consecutive weeks of rise.
Discussions for Xiaoshan origin ring spun yarn were down while Fujian origin sirospun 40s yarn was offered at previous week’s level.
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.
In China, prices of 40s compact siro-spun yarn in Jiangsu inched up US cents 3 a kg in the first week of April while 30s spun viscose in Xiaoshan rolled over on the week. Offers for ring-spun 30s yarn were up US cent 1 a kg.
Spun viscose yarn prices were largely flat in China as liquidity for ring‐spun and rotor‐spun yarn was lacklustre. However, performance of vortex‐spun and siro‐spun yarn was steady. Sales of compact & siro‐spun yarn 60s and 80s remained hot.
In China, prices of 40s compact siro-spun yarn in Jiangsu were lifted in Yuan terms in the fourth week of March, however, unchanged in US terms due to weak currency while 30s spun viscose in Xiaoshan were up US cents 2 a kg 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 China, prices of 40s compact siro-spun yarn in Jiangsu were up US cents 5 a kg in the third week of March while 30s spun viscose in Xiaoshan rose US cents 5 a kg. Offers for ring-spun 30s yarn were at US$2.79-2.83 a kg.
Spun viscose yarn prices were hiked in China and India that week. In China, prices of vortex-spun and siro-spun yarn further moved up while prices of ring-spun and rotor-spun yarn also climbed, but actual transactions were lackluster. Core-spun yarn performance was modest.
In Qianqing, PC (65/35) 32s yarn prices were up US cents 2 a kg in the third week of March while 45s PC combed yarn prices were also up US cents 2 a kg.
Blended spun yarn prices moved in different directions in China, in line with the trends of different fibers and strengthening of the currency. The recent surge in PSF prices has pushed blended yarn prices on local markets. On the import market, prices are too high to compete with domestic suppliers.
In India, 30s (65/35) PV warp yarn prices in the second week of March inched up INR1 a kg (up US cents 4, also due to strong INR) in Indore market. In Ludhiana, PC 30s (52/48) prices rose further INR3 a kg (up US cents 6).
With stronger INR, Indian yarn have become dearer in US$ 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.
