In India, 30s (65/35) PV yarn prices were down US cents 3 a kg in the second week of November (due to weak INR) in Indore market.
In Ludhiana, PC 30s (52/48) prices also fell US cents 3 on the week.
Cotton-polyester yarn prices remained unchanged in India but weak currency was advantageous for exporters as prices in US$ terms moderated.
However, export demand was slowing down, particularly from China where the market was almost saturated.
Yarn prices did not move in the week in Pakistan, amid a low level in demand. However, prices of some specs were seen moving up, reflecting demand revival, although short lived.
In Pakistan, 24 PC (52/48) carded yarn prices were stable at US$2.23 a kg on the Faisalabad market while 30s were at US$2.37 a kg, up US cents 2.
In Qianqing, PC (65/35) 32s yarn prices were down US cent 1 a kg while 45s PC combed yarn prices were stable.
In China, blended yarn prices remained unchanged during the week, in line with the stability in cotton, polyester and viscose staple fiber markets.
Courtesy: Weekly PriceWatch Report
