In Qianqing, PC (65/35) 32s yarn prices were flat in the third week of January while 45s PC combed yarn prices were stable on the week, however, both were up US cents 3-4 a kg due to currency.
In China, blended yarn markets were quiet as spinners were shutting for the Lunar New Year holidays. However, yarn import prices continued rising with the Yuan falling.
In India, 30s PV yarns were raised in order to limit the decline of margins at spinning mills. Blended yarn markets remained deeply affected by the demonetization policy which could have a long-time impact on yarn markets. 30s (65/35) PV warp yarns prices further inched up INR1 a kg (up US cents 2) in Indore market while PC 30s (52/48) prices in Ludhiana were steady during the week.
In Pakistan, PC and PV yarns prices did not move in the week in line with the stability in polyester and viscose fibre prices. Prices are also relatively stable on the export market after they were lifted in the past weeks, which curbed buying interest from China.
Courtesy: Weekly PriceWatch Report
