In Shengze, 21s cotton yarn prices were unchanged in the second week of December while 32s prices were up on the week. In China, cotton yarn prices saw minor increases given rising cost pressure from new cotton although sales were tempered. Spot trades remained thin, so cotton yarn prices are expected to hold stable or move up slightly in the short term.
In India, cotton yarn prices remained stable in the week, reflecting a similar stability of cotton prices. Daily arrivals of cotton remained affected by the demonetization process with a lack of cash limiting sales by farmers. 30s carded cotton yarn prices were stable in Ludhiana while combed for knitting inched up INR1 a kg (up US cent 1).
In Pakistan, sales of cotton yarns were limited by a recent increase of price offers, as weavers were unable to pass this rise in their material costs on to their customers. Export markets too were and prices remained unchanged across the board.
Courtesy: Weekly PriceWatch Report
