In Qianqing, PC (65/35) 32s yarn prices rolled over while 21s were up US cent 1 a kg in the third week of September. Blended yarn markets sentiment held firm during the week, with prices largely unchanged in China. However, PSF prices were on the downtrend whereas VSF prices were increasing further. Downstream fabric market sustained the stable movements, and trading activities are likely to pick up with some mills reducing run rates.
The downward trend of polyester prices continued to pressure blended yarn sellers in India. However, demand from China is expected remaining very strong, with a weaker rupee supporting Indian sales. 30s (65/35) PV yarn prices were up US cent 1 a kg due to strong INR in Indore market while PC 30s (52/48) prices rolled over in Ludhiana market.
Blended yarn prices moved in different directions in Pakistan as spinners attempted to raise offers. However, buyers resisted in line with current uncertainties over demand on the international market. 24 PC (52/48) carded yarn prices were stable on the Faisalabad market while 30s remained unchanged on the week.
Courtesy: Weekly PriceWatch Report
