In Qianqing, PC (65/35) 32s yarn prices declined in the third week of September while 45s PC combed yarn prices rolled over on the week. 32s PV (65/35) were unchanged on the week. Blended yarn prices stayed unchanged in the week in China, more in line with the current stabilization of cotton prices. However, PSF prices did moderate, but still high cotton prices has apparently neutralised blending opportunities.
In India, PC and PV prices rolled over despite demand weakening. This implies cost support from stubbornly PSF and VSF prices as cotton prices rebounded over past two weeks. 30s (65/35) PV warp yarns were down US cent 1 a kg (due to currency) in Indore market while PC 30s (52/48) prices in Ludhiana fell US cents 2 a kg.
In Pakistan, PC and PV yarns were stable in the week however, was the volatility in polyester and viscose fiber prices. In contrast to PSF prices, VSF prices have continued rising in line with the trends on the China market.
Courtesy: Weekly PriceWatch Report
