In China, PC (65/35) 32s yarn prices were flat in Zhejiang in the second week of June, while 45s PC combed yarn prices were stable on the week. PV 32s were down US cent 1 a kg on the week.
Blended yarn prices in China remained unchanged despite pick up in PSF and VSF prices in recent weeks. A rebound in PSF prices has been encouraging spinners mills to raise offers for PC yarn as spot trade for cotton yarn was shrinking, and prices continuing to fluctuate amid sidelined stance.
In Pakistan, PC and PV yarn prices stayed frozen in the week, due to stability of PSF and VSF prices. Cotton prices have slightly dropped after a new decline of New York futures.
Indian PC and PV yarn prices were stable on the week while PC yarn export prices have been reduced in contrast to domestic offers.
Courtesy: Weekly PriceWatch Report
