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Related Keywords: China imports yarn from India, cotton yarn export worth, cotton yarn exports of India, domestic prices of yarn in China, import prices in China, India’s yarn export to Pakistan, spun yarn exports worth, spun yarns demand from Pakistan, spun yarns export from India, yuan depreciation

During December 2015, 88 countries imported spun yarn from India, with China accounting for 27.8 per cent of the total value with imports plunging 32.9 per cent in terms of volume YoY and declining 39.5 per cent in value YoY. India’s overall spun yarn exports in December were down by 11.5 per cent YoY in volume terms and declined 18.8 per cent in value term. Unit price realization was up US cent 1 a kg from November 2015 and down US cents 24 a kg from December 2014.

The Indian yarn industry is currently confronted with a sharp drop of Chinese demand, resulting in excess supply.

Related Keywords: china’s economy, import duties, leading industrialists in India, Mukesh Ambani, Narendra Modi, rupee depreciation, steel exports, steel industry, steel prices, textile domestic market, textile exports, textile imports, Textile Industry, yuan depreciation

With currencies weakening and global economic turmoil, Prime Minister Narendra Modi held a meeting on Tuesday with industrialists, bankers and economists to analyse the current situation and identify solutions.

In India, polyester-cotton yarn prices dropped in third week of August as cost support eased while polyester-viscose yarn prices were up on firmer fibre cost. 30s (65/35) PV yarn prices in India inched up INR1 a kg, however, was down US cents 3 on the week due to weak INR in Indore market. PC 30s (52/48) prices fell further US cents 6 a kg in Ludhiana market.

Related Keywords: INR depreciation, pc yarn prices, pv yarn prices, yarn prices, yuan depreciation

Polyester yarns markets in China were weak in the third week of August, and some sporadic batches of cargoes were traded. Yarn prices were stable to weak with 32s spun polyester yarn was mainly offered at same levels. The influence of RMB depreciation on the demand remained limited as spinning mills did not improve run rate notably on the back of slow sales and the purchase of raw materials was just to meet rigid demand.

Related Keywords: Polyester prices, polyester yarn prices, psf prices, spun yarn prices, yarn prices in china, yarn prices in India, yarn prices in Pakistan, yuan depreciation

Blended yarn prices were clearly falling across China, India and Pakistan in the second week of August as cost eased with falling fibre prices while demand remained weak. The depreciation of the Yuan and weak INR pushed prices further down in US$ terms.

PC yarn prices, although declined marginally in India and Pakistan, they were sharply down in China. And this may trigger price revision in the former two markets. However with textile production to enter seasonal high, demand may recover to support prices.

Related Keywords: pc yarn prices, pv yarn prices, yarn prices, yuan depreciation

PSF prices have declined US cents 8-16 per kg across China, India and Pakistan in the second week of August. Thus, cost support to polyester spun yarns eased amid sluggish demand. The significant Yuan depreciation has caused prices to fall further in US$ term, although they were steady in local currency.

Related Keywords: Polyester prices, polyester yarn prices, psf prices, spun yarn prices, yarn prices in china, yarn prices in India, yarn prices in Pakistan, yuan depreciation