Blended yarn prices rolled over in China and Pakistan in the third week of April while they inched up in India on demand supply fundamentals.
In India, PV yarn prices inched up on recent upward revision in VSF and PSF prices while polyester-cotton rose on firmness in cotton prices. 30s (65/35) PV warp yarn prices gained another INR1 a kg (up US cents 2) in the third week of April in Indore market. In Ludhiana, PC 30s (52/48) prices increased INR2 a kg (up US cents 3).
In China, yarn prices have not changed although cotton fibre prices have bottomed out on the domestic market while PSF price went stable. In Qianqing, PC (65/35) 32s yarn prices rolled over while 45s PC combed yarn prices were flat on the week.
In Pakistan, lower-count PC yarns prices were relatively flat by contrast although operating rates recovered at spinning plants with the end of winter season. 24 PC (52/48) carded yarn price were unchanged on the Faisalabad market while 30s rolled over during the week.
Courtesy: Weekly PriceWatch Report
