In China, offers for ring‐spun 30s weaving yarn in Xiaoshan were up US cents 9 a kg in the third week of February, while compact siro‐spun 40s yarn in Jiangsu was up US cents 6 a kg on the week.
Spun viscose yarn markets trended northbound, in tandem with upstream VSF. In China, offers for ring‐spun 30s yarn mostly increased, with firm deals gradually following up. Many yarn makers were in tight supply.
In India, spinners have suffered from the sharp increase of material costs as a result, with the demonetization process further depressing activities.
In Pakistan, the recent surge in VSF cost will continue supporting yarn markers in the coming weeks although viscose yarn prices rolled over that week.
Courtesy: Weekly PriceWatch Report
