In China, prices of 40s compact siro-spun yarn in Jiangsu were lifted up US cents 4 a kg in the second week of March while 30s spun viscose in Xiaoshan were up US cents 3 a kg. Offers for ring-spun 30s yarn were at US$2.77-2.85 a kg.
In China, spun viscose yarn prices kept rising in tandem with higher VSF prices. Offers for ring-spun 30s were mostly hiked by US cents 3 a kg. Offers for Fujian-origin siro-spun 40s yarn were up US cents 4 a kg on the week.
In India, prices have remained firm in the first week of March with PC prices slightly gaining. 30s (65/35) PV warp yarn prices were up US cents 2 a kg in Indore market. In Ludhiana, PC 30s (52/48) prices gained US cents 5 a kg due to strong INR.
In Qianqing, PC (65/35) 32s yarn prices rolled over while 45s PC combed yarn prices were stable during the week.
Firm fibre prices kept blended yarn values stable that week in China and Pakistan while they gained in India also supported by the currency appreciation against the US$.
In China, prices of 40s compact siro-spun yarn in Jiangsu were up US cents 6 a kg in the first week of March while 30s spun viscose in Xiaoshan were up US cents 3 a kg. Cash-based offers for ring-spun 30s yarn were up US cents 4 a kg on the week.
Spun viscose yarn prices were driven up by firmer VSF sentiment in China. Offers ring-spun 30s and siro-spun 40s yarn were mostly hiked touching high-end of market levels.
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 China, mainstream prices of 40s compact siro-spun yarn in Jiangsu gained US cents 5 a kg in the last week of February while 30s spun viscose in Xiaoshan were up US cents 2 a kg. Cash-based offers ring-spun 30s yarn were at US$2.68-2.72 a kg.
Prices for spun viscose yarn remained steady to up, and liquidity was smooth for siro-spun yarn. In China, viscose yarn makers generally resumed normal operation and were fulfilling past orders. Citing rising VSF prices, offers were raised in tandem to rising cost.
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 China, mainstream prices of 40s compact siro-spun yarn in Jiangsu were up US cents 3 a kg in the third week of February while 30s spun viscose in Xiaoshan were also up US cents 3 a kg. Cash-based offers for siro-spun 40s yarn were at US$2.99-3.02 a kg.
Viscose spun yarn prices mostly rose after the festival. In Fujian, local cotton spinning mills had mostly resumed production. Trading activity was gradually picking up.
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 China, mainstream prices of 40s compact siro-spun yarn in Jiangsu remained unchanged while 30s spun viscose in Xiaoshan were up US cents 3 a kg in the second week of February.
Viscose spun yarn prices were slightly rising in China however, in line with a recent rebound in VSF market. Demand for imported yarns fell post holidays, following a new decline of yarn prices on the domestic market.
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.
