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, 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 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, 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 China, mainstream prices of 40s compact siro-spun yarn in Jiangsu rolled over in the first week of February while 30s spun viscose in Xiaoshan inched US cents 3 a kg.
Selling ideas for spun viscose yarn were reported steady amid thin liquidity. In China, viscose yarn makers generally maintained stable production, and gradually stopped business for holiday from early February.
In upstream VSF market too, the holiday atmosphere was strong while and some logistics issues were being addressed and offers saw some rise. This supported viscose yarn makers to hike offers during the week.
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 China, mainstream prices of 40s compact siro-spun yarn in Jiangsu were up US cents 2 a kg in the last week of January while 30s spun viscose in Xiaoshan inched up US cents 2 a kg.
Spun viscose yarn market was insipid in China as spinners mostly ended their business, while some still raised offers a bit. Selling ideas for spun rayon yarn were reportedly steady amid thin liquidity.
However, VSF prices have started rebounding after a short period of descending. This will have favourable impact on yarn prices post Lunar New Year holidays.
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 China, mainstream prices of 40s compact siro-spun yarn in Jiangsu slid to 19.65 Yuan a kg (US$3.00 a kg) while 30s spun viscose in Xiaoshan rolled over at 17.10 Yuan a kg (US$2.61 a kg) in the third week of January.
Offers and selling ideas were reportedly steady for spun viscose yarn in China that week. They were adjusted up somewhat, indicating another way of closing offers as VSF prices stopped falling.
In India, 30s viscose spun yarn prices inched up INR1 a kg (down US cents 2 due to weak INR) in Indore market.
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.
