In India, 30s (65/35) PV warp yarn prices in the second week of April gained INR2 a kg (up US cents 3) in Indore market. In Ludhiana, PC 30s (52/48) prices rolled over during the week.
The recent hikes in PSF and VSF price in India, pushed PV prices up that week in Indore market while demand was still weak. Meanwhile cotton prices also gained substantially, but PC market was yet to react as prices rolled over, implying that they might rise in coming weeks. Spinners will tend to pass-on cost if demand remains firm.
Blended yarn markets were subdued in China and Pakistan while they were active in India as raw material cost rose. In Qianqing, PC (65/35) 32s yarn prices were stable on the week while 45s PC combed yarn prices rolled after declining in the first week.
In Pakistan, the increased supplies coming from rise in operating rates at spinning mill has put some pressure over blended yarn market. 24 PC (52/48) carded yarn price remained unchanged on the Faisalabad market while 30s rolled over on the week. Despite the weakness in demand, suppliers were able to resist any decline in price offers, thanks to firm raw material cost.
Courtesy: Weekly PriceWatch Report
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