In Qianqing, PC (65/35) 32s yarn prices were up US cents 3 a kg in the last week of April while 45s PC combed yarn prices rolled over on the week. In China, the market was slowly recovering due to continuous fall in cotton prices from excessively levels.
In India, blended yarn prices rose on the domestic market due to recovery of cotton prices. In Ludhiana, polyester-cotton yarn prices increased 3% on the week.
30s (65/35) PV warp yarn prices further gained INR1 a kg (up US cent 1) in Indore market. In Ludhiana, PC 30s (52/48) prices jumped INR5 a kg (up US cents 6).
In Pakistan, blended yarn prices began to climb more significantly due to the continuous rise of cotton and polyester prices. 20s PC (52/48) carded yarn price were up PakRe1 per pound on the Faisalabad market while 30s gained similarly, both up US cent 1.
Blended yarn markets were buoyed by the rise in prices across Asia and on expectation that fibre prices will further increase. Thus, demand from yarn buyers rebounded, both from domestic as well as export markets.
Courtesy: Weekly PriceWatch Report
