In China, offers for ring‐spun 30s weaving yarn in Xiaoshan rose were steady in the third week of January, while compact siro‐spun 40s yarn in Jiangsu was offered stable on the week.
In China, spun viscose yarn makers generally stopped production to take holidays, leading to thin transactions in the market. A few large mills were likely to suspend business from early next week. However, prices may bounce north after the Spring Festival.
In Shengze, offers for 32s polyester yarn were offered stable in the second week of January. In Qiangqing, 32s weaving yarn was offered flat on the week.
Spun polyester yarn prices were stable in China inspite of poor enquiry and transaction. More producers shut down units with the holiday drawing near, and they lowered selling interest and demand lacked good news from downstream polyester market.
In China, offers for ring‐spun 30s weaving yarn in Xiaoshan rose were up US cents 2 a kg in the second week of January, while compact siro‐spun 40s yarn in Jiangsu rose US cents 5 a kg on the week.
In China, viscose yarn mills gradually stopped business for the upcoming festival, so overall trading atmosphere cooled down gradually. Market was nearly closed, seeing the mills mostly wrap up the business for the holidays. Some large‐size mills will also stop production gradually in the coming week.
In India, polyester yarn prices were up in the first week of January as PSF prices were lifted again opening January following mod-December rise. Spinners were steadily recovering from the disruption triggered by the demonetization process. Polyester yarn 30 knit yarn prices were up Re1 a kg (up US cent 1) in Ludhiana market.
In Pakistan, PSF prices have further risen pushing polyester spun yarn prices to increase in the meantime. 30s spun polyester prices gained PakRs2 per pound (up US cents 4) while 60s were up PakRe1 per pound (up US cents 2).
In China, offers for ring‐spun 30s yarn rose US cents 5 a kg in the first week of January, while siro‐spun 40s yarn was up US cents 5 a kg on the week.
Viscose spun yarn market in China shared the sentiment of VSF market that week. Yarn makers were overselling on support of ample order intakes. After New Year Day holidays, offers for ring‐spun 30s yarn and siro‐spun 40s yarn were pegged higher, but actual trading was modest as downstream converters adopted a cautious approach.
In India, viscose yarn markets in December were strongly supported by export orders. 30s viscose prices rose US cents 5 a kg in Indore market during the month.
Spun viscose yarn markets were generally steady in China. In Xiaoshan, 30s spun viscose were unchanged on the month.
In Pakistan, viscose spun yarn prices rolled over as export markets were relatively slow during the month. 35s viscose yarn were pegged stable in Karachi.
Courtesy: Weekly PriceWatch Report
Spun polyester yarn offers In China moved up in December in line with rising PSF values despite lusterless demand. In Shengze, offers for 32s polyester yarn were up US cents 13 a kg from November.
In Pakistan, PSF prices rose as demand from yarn producers was boosted by a large price difference between cotton and polyester. 30s spun polyester was up US cents 2 a kg on the month.
In India, spun polyester prices did not react to the rise in PSF prices since early December. However, 30 polyester knit yarns were up US cents 3 a kg in Ludhiana market.
In Shengze, offers for 32s polyester yarn were up US cents 11 a kg in the second week of December. In Qiangqing, 32s weaving yarn was up US cents 7 a kg on the week.
In China, spun polyester yarn offers moved up in line with rising PSF values despite lusterless demand. Producers were considering taking a break in advance in view of fast price rises of raw materials which is forcing yarn makers to follow up amid lack of orders. Thus, producers faced margin loss and stopping operation in advance with the Spring Festival drawing near.
In China, offers for ring‐spun 30s yarn rolled in the second week of December while compact siro‐spun 40s yarn was flat on the week. Viscose spun yarn markets trended up in China, in line with the general trend in viscose market.
Hereinto, offers for ring‐spun 30s yarn mostly ascended in Yuan terms but weak currency pegged prices stable in US$ terms while siro‐spun 40s yarn increased in both terms. Core‐spun yarn market north of Jiangsu turned dim.
In Shengze, offers for 32s and 45s polyester yarn were up in the first week of December. In Qiangqing, 32s weaving yarn was offered flat during the week. In US$ term, they were up US cents 2-6 a kg on the week, due to strong Yuan.
Spun polyester yarn offers picked up further in China driven by PSF values, and the transaction was moderate. Since there was less than one month before China’s Lunar New Year, yarn producers started arranging shutdowns for the holiday. Meanwhile, PSF prices jumped to higher levels, gaining 3% in the week.
