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Viscose spun yarn prices in June were stable to firm in China and market fundamentals showed signs of improvement. In Xiaoshan, 30s spun viscose price rolled over on the month.

In India, viscose yarn prices inched up on support for firmer VSF cost and export realisation. In India, 30s viscose prices were up US cent 1 in Indore market.

In Pakistan, rise in seasonal demand was reported for viscose yarns in Faisalabad market with prices rolling over on the month. In Pakistan, 35s viscose yarn were pegged stable in Karachi.

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Spun yarn export earnings continued to decline (year-on-year) for the thirteenth consecutive month in May 2015 while volume shipment growth remained on positive territory for some months now. In May 2015, all kinds of spun yarn exports were up 2 per cent in terms of volume but down 11 per cent in terms of value as FOB per unit price fell 12 per cent. Volumes were at 101 million kg worth US$300 million or INR1,890 crore, implying an average unit realisation of US$2.97 per kg. This was down US cents 42 or 12.4 per cent from May 2014.

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Spun yarn prices continued shed slightly in the week of 16 May in China, although fibre prices remained more or less stable. However, prices in Pakistan were seen rebounding as demand from overseas buyers was apparently recovering.