Blended yarn prices were clearly falling across China, India and Pakistan in the second week of August as cost eased with falling fibre prices while demand remained weak. The depreciation of the Yuan and weak INR pushed prices further down in US$ terms.

PC yarn prices, although declined marginally in India and Pakistan, they were sharply down in China. And this may trigger price revision in the former two markets. However with textile production to enter seasonal high, demand may recover to support prices.

In India, 30s (65/35) PV yarn prices inched down US cents 4 a kg on the week in Indore market. PC 30s (52/48) prices also fell US cents 3 a kg in Ludhiana market. In Pakistan, 24 PC (52/48) combed yarn prices inched down US cents 2 per pound on the Faisalabad market while 30s were down US cents 4 per pound. In Qianqing, PC (65/35) 32s and 21s yarn prices were both down US cents 8 a kg on the week.

Courtesy: Weekly PriceWatch Report