Blended yarn price falls in China, up in India

YarnsandFibers News Bureau 2016-01-18 11:57:57 –

In Qianqing, PC (65/35) 32s yarn prices fell US cents 6 a kg in the first week of January while 45s PC combed yarn prices were down US cents 4 a kg.

Blended yarn prices moved in line with the past changes in fibre prices while firm cotton prices supported yarn makers.

In China, cotton yarn prices have dropped 5-7% in US$ terms, with lower counts of PC yarn prices even experiencing a double-digit fall. PSF and VSF prices have more sharply fallen in the meantime.

In India, firm cotton prices pushed PC yarn prices up while the rise was limited by the drop in PSF prices.

In Ludhiana, PC 30s (52/48) prices were up INR4 a kg (up US cents 5). 30s (65/35) PV warp yarn prices rolled over in Indore market.

In Pakistan, PC yarn prices remained stable while PSF offers were cut in the past week by PakRs.2 per kg, in line with a decline of crude oil prices on International market.

However, cotton prices remained stable supporting yarn makers.

24 PC (52/48) carded yarn prices were stable in the Faisalabad market while 30s remained unchanged.

Courtesy: Weekly PriceWatch Report

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