Cotton yarn markets saw low transactions in the first week of August for domestic goods in China while imported yarn took a larger share, particularly of Vietnam-origin. In India, although cotton prices did not move much, cotton yarn prices have lost more than 2 per cent, having plunged 8-9 per cent in past three weeks. In Pakistan, too cotton yarn prices declined continuously, but were pushed by falling cotton prices.
Spun yarn prices continues to slide down in Asian markets
Cotton yarn prices softened across Asian markets due to persistent weak demand and falling cotton fibre prices. In China, mute demand led to shrinking sales and increasing inventory, which drove mills to cut operations and sell at discounts. In India, cotton yarn prices fell but marginally, with a decline of INR 1 per kg for certain counts in the last week of July.
Related Keywords: Cotton yarn prices, polyester yarn prices, VSF prices, yarn prices in china, yarn prices in India, yarn prices in Pakistan
Cotton and polyester yarn prices move in line with fibre values
In the week of 24 July cotton yarn markets saw marginal fluctuation but were mired in sluggish transactions, with downstream placing thinner orders. In China, sales of regular and high-quality yarns were passable, and those of high-count and combed yarns were limited. Spinners were implementing production cutbacks, and liquidity lagged in most deals. 32s cotton yarn in Shengze market were down US cents 4 a kg on the week while 21s were flat at US$3.07-3.14 a kg.
