In Qianqing, PC (65/35) 32s yarn prices rolled over in the last week of January while 45s PC combed yarn prices were stable on the week. Blended yarn prices were seen gaining grounds owing to rising cotton and cotton yarn prices. In China, yarn markets were generally shutting down for Lunar New Year holidays while imports continued rebounding in recent months.
In India, a shift in demand was seen from cotton to poly-cotton and poly-viscose yarns which was expanding sales of blended yarn spinners. Prices of PV yarn were reacting to this change. 30s (65/35) PV warp yarns prices remained flat in Ludhiana market while PC 30s (52/48) prices in Ludhiana were up INR2 a kg (up US cents 2).
In Pakistan, spinning margins have not yet recovered, as raw material costs of yarn producers have surged in the meantime. The government’s package to textiles is helping yarn prices to stay firm. A possible rise in capacities and thereby excess supply could however weigh on yarn markets in future.
Courtesy: Weekly PriceWatch Report
