Blended yarn price inches up in Asian markets

In Qianqing, PC (65/35) 32s yarn prices were up US cents 2 a kg in the third week of March while 45s PC combed yarn prices were also up US cents 2 a kg.

Blended spun yarn prices moved in different directions in China, in line with the trends of different fibers and strengthening of the currency. The recent surge in PSF prices has pushed blended yarn prices on local markets. On the import market, prices are too high to compete with domestic suppliers.

In India, blended yarn prices remained firm while poly-cotton yarn prices were rising in line with the sharp increase of PSF in the recent weeks. However, domestic demand was limited and stocks had reached relatively high levels. 30s (65/35) PV warp yarn prices were flat in Indore market. In Ludhiana, PC 30s (52/48) prices rose further INR1 a kg (up US cents 2, also due to strong INR).

Exports were buoyed by low pricing. In February, blended yarn exports grew 10% in volume and 5% in value, given the 4% drop in FOB prices.

In Pakistan, strong fibre prices support rise in blended yarn prices. 24 PC (52/48) carded yarn prices gained PakRe1 per pound (up US cents 2) on the Faisalabad market while 30s also gained PakRe1 per pound (up US cents 2).

Courtesy: Weekly PriceWatch Report