In China, offers for ring‐spun 30s weaving yarn in Xiaoshan edged down in the first week of May while compact siro‐spun 40s yarn in Jiangsu fell US cents 7 a kg on the week.
Viscose spun yarn markets in China, India and Pakistan witnessed cost support recovering with VSF prices apparently bottoming out, particularly in China. Offers for ring‐spun yarn edged down in Xiaoshan while 40s dropped sharply in Jiangsu. Prices of Fujian‐origin siro‐spun 40s yarn were also seen dropping briefly.
In India, with VSF prices remained relatively stable at high levels but a weaker INR against US$, may see yarn prices retreating in US$ terms resulting demand from export markets.
In Pakistan, viscose yarn prices rolled over on the week but a stronger seasonal demand ahead is likely to support yarn markets as well as VSF market going ahead.
Courtesy: Weekly PriceWatch Report
