In China, compact siro-spun 40s yarn in Jiangsu was up US cents 5 a kg in the second week of September while rayon weaving yarn 30s in Xiaoshan also rose US cents 5 a kg. Spun viscose yarn market sentiment was stable to firm, with prices of vortex-spun and siro-spun yarn firming up while they were unchanged for ring-spun and rotor-spun yarn. Offers were reported higher for rayon yarn due to rising VSF costs. VSF prices in China have risen more than 3.5 per cent in local currency and 4 per cent in US$ terms in the first two weeks of September.
In India, viscose spun yarn prices rolled over despite spinners raising their capacities in the last year, in line with a jump in demand from China.
Prices in Pakistan too rolled over on the week as VSF prices remained firm at high level.
Courtesy: Weekly PriceWatch Report
