Blended yarn prices were steady to up in Asian markets in the fourth week of October.
In India, prices gained on domestic demand while exports were weak.
30s (65/35) PV yarn prices were flat in Indore market.
In Ludhiana, PC 30s (52/48) prices gained US cents 3 a kg on the week.
In September, blended spun yarns export were down 16 per cent YoY while volumes fell 9 per cent.
In Pakistan, prices were increasing on the domestic markets on demand recovery from the textile producers and the rebound of cotton prices.
Prices apparently stabilized on the cotton market, due to larger arrivals from the new crop.
Yarn buyers were expecting prices to rise and were ready to place large orders.
In China, blended yarn prices were stable on the week.
Courtesy: Weekly PriceWatch Report
