In India, 30s (65/35) PV yarn prices moderated again by INR1 and by INR3 since mid September, however, in US terms, prices were up US cents 2 a kg due to stronger INR in Indore market in the second week of October. In Ludhiana, PC 30s (52/48) prices were up US cent 1 a kg on the week.
Blended yarn prices have further fallen in India during the week, due to lack of demand and decline in cotton and polyester prices early in the month.
Polyester-cotton yarn prices lost INR2 in the week whereas spun polyester prices were staying unchanged.
In Pakistan, 24 PC (52/48) carded yarn prices fell US cents 2 a kg on the Faisalabad market while 30s were down US cents 4 a kg.
In Faisalabad yarn market of Pakistan, trading was active in the past week and larger sales were reported for 31s PC yarns. Due to the depreciation of the domestic currency against the US$, export demand has also rebounded from the overseas buyers.
In China, slower drop in cotton prices and firm polyester market supported PC yarn markets that week, as prices rolled over.
In Qianqing, PC (65/35) 32s yarn prices rolled over on the week while 21s were steady.
Courtesy: Weekly PriceWatch Report
