In Qianqing, PC (65/35) 32s yarn prices rolled over in the second week of January while 45s PC combed yarn prices were stable on the week, however, both were down US cent 1-2 a kg due to weak US$. Blended yarn prices were unchanged in China, with demand actually very weak ahead of lunar year holidays. Inventories were relatively large in the textile industry, as spinners are again trapped with higher cotton prices than on foreign markets.
In India, spinners reported fall in yarn production although poly-cotton prices remained unchanged. From a year earlier, PC yarn has gained 19%. 30s (65/35) PV warp yarns prices inched up INR1 a kg (up US cent 1) in Indore market while PC 30s (52/48) prices in Ludhiana were also up INR1 a kg (up US cent 1) on the week.
In Pakistan, large sales PV yarns were reported from the Faisalabad yarn market. Price offers for fine count rose 2-3% in a week while coarser counts were under being pressure of excessive supplies after export sales fell in the past month.
Courtesy: Weekly PriceWatch Report
