In China, PC (65/35) 32s yarn prices were steady in Zhejiang in the third week of June, while 45s PC combed yarn prices rolled over on the week. PV 32s were also flat but all were down US cent 1 a kg due to weak Yuan.
Blended yarn prices were relatively steady across China, India and Pakistan with PSF and VSF prices bottoming out in recent weeks. In China, yarn import prices have begun declining due to a sharp drop in cotton futures thus, the difference between domestic and import prices have narrowed down, but still very wide enough to the detriment of yarn importers.
In India, PC and PV yarn prices were stable on the week while PC yarn export have picked up in May. Meanwhile, PV yarn exports continued to decline.
In Pakistan, the approaching Eid-ul-Fitr holidays saw market activities trickling down with no change in prices. Also, the stability in fibre markets supported prices to not change dramatically, but sobering cotton prices over the past two weeks may result in some drop in PC yarn prices soon.
Courtesy: Weekly PriceWatch Report
