In China, offers for ring‐spun 30s yarn rose US cents 5 a kg in the first week of January, while siro‐spun 40s yarn was up US cents 5 a kg on the week.
Viscose spun yarn market in China shared the sentiment of VSF market that week. Yarn makers were overselling on support of ample order intakes. After New Year Day holidays, offers for ring‐spun 30s yarn and siro‐spun 40s yarn were pegged higher, but actual trading was modest as downstream converters adopted a cautious approach.
In Pakistan, VSF and viscose yarn prices started rising slightly, with a rise of VSF import offers over the past couple of weeks. Export markets remained weak due to year-end holidays in many countries. 35s viscose yarn prices inched up US cents 2 a kg while 40s also gained US cents 2 a kg in Karachi market.
In India, viscose yarn prices stayed firm in line with VSF prices which have remained flat for many months now. Yarn trading was slowly recovering as cash circulation was limping back but still short of normal. 30s viscose spun knitting yarn prices rolled over in Indore market.
Courtesy: Weekly PriceWatch Report
