In Qianqing, PC (65/35) 32s yarn prices rolled over in the fourth week of March while 45s PC combed yarn prices were steady on the week.
Blended yarn markets in China reflected the decline in cost of fibres including cotton, PSF and VSF. Domestic yarn production has become more competitive compared with import, meaning that prices could stay at the current level. PC yarn prices rolled over at lower levels explaining the fall in PSF prices.
In India, PC and PV yarn prices dropped that week following the softening of PSF prices and stable cotton cost. Such downward trend, imply lower prices later this year. 30s (65/35) PV warp yarns prices again inched down INR1 a kg while PC 30s (52/48) prices also fell INR1 a kg in Ludhiana.
In Pakistan, PC yarns have remained unchanged whereas PV yarns have slightly dropped over the week, reflecting the fresh fall in PSF and VSF prices.
Courtesy: Weekly PriceWatch Report
