In Qianqing, PC (65/35) 32s yarn prices rolled over in the first week of March while 45s PC combed yarn prices were up on the week.
Blended yarn markets were benefiting from volatile cotton markets where prices are hating to move down. In China, yarn prices begun rebounding on the import market, which had earlier declined in the last two weeks, particularly from India and Vietnam. Chinese spinners are likely to take advantage of the new rise in import prices, if confirmed in coming days.
In India, PC and PV prices inched up on modest domestic demand and rising export opportunities. 30s (65/35) PV warp yarns prices inched up INR1 a kg while PC 30s (52/48) prices were also up on the week, both up US cents 2-3 in Ludhiana.
In Pakistan, more mills have started producing PV yarns, implying that polyester use will continue rising. Operating rates are already relatively high at PC yarn producing plants. PC and PV yarn prices meanwhile continued to rise slightly for specific products.
Courtesy: Weekly PriceWatch Report
