In the week of 24 July cotton yarn markets saw marginal fluctuation but were mired in sluggish transactions, with downstream placing thinner orders. In China, sales of regular and high-quality yarns were passable, and those of high-count and combed yarns were limited. Spinners were implementing production cutbacks, and liquidity lagged in most deals. 32s cotton yarn in Shengze market were down US cents 4 a kg on the week while 21s were flat at US$3.07-3.14 a kg.
Indian yarn prices were relatively stable on the domestic markets, after heavily falling in the previous weeks. However, in US$ terms, prices moderated due to weaker INR. 30s combed for knitting rolled over in INR terms but down US cent 1 in Ludhiana while carded was also down US cent 1. In Pakistan, a few counts of cotton yarn were cheaper while most other counts were relatively firm. Domestic price of 30s carded yarn for weaving were down at PakRs.1,212 per 10 pound.
Polyester chain pricing saw lesser deceleration since last week, with staple fiber prices unmoved in the week. Spun polyester yarns prices were weak on sluggish sales and enquiries and trading activities remained thin. The yarn market was on the downtrend due to limited activity. In Shengze, offers for 32s further fell US cents 2 a kg on the week while 45s remained unchanged at US$2.04 a kg. In Qianqing, offers for 32s polyester yarn fell US cents 2 a kg week on week.
In India, most polyester yarns prices have remained flat during the week despite PSF prices were revised down in the preceding week. In Ludhiana, 30 knitting yarns was traded at INR130 a kg or US$2.05 a kg. In Pakistan, polyester spun yarn prices mostly rolled over with 30s pegged at US$2.40 a kg and 60s at US$3.49 a kg.
Courtesy: Weekly PriceWatch Report
