In Qianqing, PC (65/35) 32s and 32s PV yarn were both up US cent 1 a kg due to weak US$ in the second week of June. In China, blended yarn prices remained relatively stable lacking demand from downward processors. However, fibre prices were clearly rising which may result in higher yarn prices in coming weeks.
In India, PV prices were seen rolling over while PC yarn prices edged down on the week. Overall, although fibre prices have remained stable to up during the week, yarn price were flat to down in some blends. 30s (65/35) PV warp yarn prices were up US cent 1 a kg in Indore market while PC 30s (52/48) prices edged down INR1 a kg during the week.
In Pakistan, the government released a series of decisions to boost exports after they remained very depressed last months. The stimulating measures are however expected boosting demand for blended yarns in the coming weeks. 30s PC (52/48) carded yarn prices rolled over on the Faisalabad market while 30s PV (80/20) were flat on the week.
Courtesy: Weekly PriceWatch Report
