In India, 30s (65/35) PV warp yarn prices regained INR1 a kg (up US cent 1) in the last week of February in Indore market. In Ludhiana, PC 30s (52/48) prices further gained INR1 a kg during the week.
Blended yarn exports of India declined 4% in January largely due to fall in prices while domestic prices regained its previous week’s fall to neutralise weakening INR.
In China, imports of yarn have fallen as domestic prices were down due to falling cotton prices. However, PSF and VSF prices were firming up as yarn makers resumed operation. Blended yarn prices generally rolled over.
In Qianqing, PC (65/35) 32s yarn prices rolled over at 15.25 Yuan a kg (US$2.34 a kg) while 45s PC combed yarn prices were stable at 21.25 Yuan a kg (US$3.26 a kg).
In Pakistan, 24 PC (52/48) carded yarn prices rolled over in Faisalabad market while 30s were stable on the week.
Yarn suppliers in Pakistan resisted any decline in yarn prices to maintain margins at low levels. Polyester-cotton blended yarn prices of 24s and 31s counts were however, under pressure.
Courtesy: Weekly PriceWatch Report
