In Xiaoshan, 30s spun viscose prices inched up US cent 1 a kg in the third week of September while 40s compact sirospun yarn prices in Jiangsu were flat on the week. Viscose spun yarn prices were largely stable to up in Asian markets. In China, yarn makers were mostly, seen liquidating volumes at prevailing market prices, on the back of modest fresh order intake. Offers and discussions for ring-spun 30s yarn were up on the week.
In India, viscose yarn prices declined during the week, irrespective of the rebound in cotton prices. This implies that viscose yarn markets had already taken the support from cotton prices flare in preceding weeks, which it could not sustain any more. 30s viscose spun yarn prices fell INR2 a kg (down US cents 3) on the week.
In Pakistan, viscose yarn prices remained unchanged despite VSF prices have gained almost PakRs4 kg since end-August. 35s viscose yarn prices remained unchanged while 40s was up US cent 1 a kg (due to currency) in Karachi market.
Courtesy: Weekly PriceWatch Report
