In China, PC (65/35) 32s yarn prices in Zhejiang remained unchanged in the last week of May, while 45s PC combed yarn prices rolled over on the week. PV 32s were traded stable during the week.
Blended yarn prices did not move in China's domestic market, as activity was reduced by a holiday shortened week. On the import market too, prices were relatively stable, due to slightly dropping in US$ terms whereas rising in yuan terms.
In Pakistan, PC yarns prices have been stable on the week and in last three months, irrespective of changes in PSF prices in the meantime. This clearly shows sign that margins of PC yarn producers were in positive zone.
In India, PC and PV yarn prices rolled over both in INR and US$ terms but exporters were reportedly struggling at these price levels on the international market.
Courtesy: Weekly PriceWatch Report
