Yarn prices in India stayed unchanged or slightly increased in the third week of October.
While PSF and VSF prices rolled over, cotton prices have rebounded INR100-500 per candy during the week, although they were significantly lower than in September.
In India, 30s (65/35) PV yarn prices were up US cents 2 a kg, due to stronger INR, in Indore market. In Ludhiana, PC 30s (52/48) prices were also up US cent 1 a kg on the week.
In Qianqing, PC (65/35) 32s yarn prices remained unchanged on the week while 21s were steady.
Blended yarn prices remained relatively stable after China's national holidays with fiber prices not indicating any clear direction helping spinners to maintain their offers at previous levels.
The rise of Yuan against the US$ also boosted yarn imports, which have already been at a high level in the first three quarters of 2015.
In Pakistan, blended yarn prices were unmoved as market saw poor trading activity.
Courtesy: Weekly PriceWatch Report
