In China, offers for ring‐spun 30s weaving yarn in Xiaoshan rose were up US cents 2 a kg in the second week of January, while compact siro‐spun 40s yarn in Jiangsu rose US cents 5 a kg on the week.
In China, viscose yarn mills gradually stopped business for the upcoming festival, so overall trading atmosphere cooled down gradually. Market was nearly closed, seeing the mills mostly wrap up the business for the holidays. Some large‐size mills will also stop production gradually in the coming week.
In India, where the demonetization process continues disturbing market activities viscose yarn trade was dismal and prices tended to roll over while cost remained firm.
In Pakistan, demand for viscose yarns was on a recovery on the domestic market in line with rising business activities. Viscose yarn prices rose in line with VSF cost since past 4-5 weeks. 35s viscose yarn prices rose PakRs3 per pound or US cents 8 a kg on the week in Karachi market.
Courtesy: Weekly PriceWatch Report
