Spun viscose yarn prices weakened in week two of June in China and India as upstream viscose fibre cost moderated slightly. In China, medium-end VSF price was down US cents 2 to US$2.04-2.06 a kg while high-end fibres were in the range US$2.08-2.09 a kg).
In India, VSF producers’ prices were stable at US$2.20-2.31 a kg and no hike was proposed yet for June. Spinners reportedly had low inventory of raw material and are likely to replenish gradually in coming week but in low volumes seeing demand for yarn still rigid and no signs of improvement in near future.
