In Qianqing, PC (65/35) 32s yarn prices were down US cent 1 a kg in the last week of August while 45s PC combed yarn prices were stable on the week. 32s PV (65/35) were unchanged during the week. Blended yarn markets were ruled by fibre prices as demand remained insipid amid no supply constraint. However, a stronger US$ pegged prices in US$ terms a tad lower while local markets pricing mostly remained unchanged.
In Pakistan, with PSF and cotton prices firming, PC yarn prices inched up to cover cost. Similarly, with VSF prices the support to PV yarn makers was stronger pushing prices up. 20s PC (52/48) carded yarn prices inched up PakRe1 per pound on the Faisalabad market while 30s gained PakRe1 per pound on the week. PV 30s were up PakRs2 per pound (up US cents 4) during the week.
In India, moderating cotton prices eased cost pressure on PC yarn makers, supporting prices to roll over. However, spinners were still facing cost pressure from the recent surge in cotton prices.
Courtesy: Weekly PriceWatch Report
