In India, yarn prices have been mostly weaker in the last week of November, depending on products and market locations. PC yarn prices declined INR2 or 1.5 per cent in Ludhiana market on the week.
In India, 30s (65/35) PV yarn prices remained flat on the week at US$2.11 a kg, down US cent 1 (due to weak INR) in Indore market.
However, in Ludhiana, PC 30s (52/48) prices fell US cents 4 a kg on the week.
In China, PC yarn prices did not move on the week but there was some demand for PC yarn and low-count open end yarn from low-end fabric makers.
In Qianqing, PC (65/35) 32s yarn prices rolled over while 45s PC combed yarn prices were down US cent 1 a kg on the week.
Blended spun yarn prices were mostly stable to weak that week, with no room for any uptrend since fibre prices were still finding directions.
In Pakistan, PC yarn prices did not decline after anti-dumping duties on Chinese PSF raised raw material costs.
Demand was reportedly weak and many mills were trying to convert production to polyester-cotton counts.
Courtesy: Weekly PriceWatch Report
