Blended yarn price sinks in China

In Qianqing, PC (65/35) 32s yarn prices fell US cents 2 a kg while 45s PC combed yarn prices were stable at US$3.32 a kg in the third week of December.

Blended yarn prices fell sharply in China, especially polyester-cotton yarn after resisting to fall for a while.

The fall is explained by the continuous declined in cost of cotton as well as PSF and VSF, with no sight of bottoming out.

In Qianqing, they have lost up to 2-6 cents a kg in the third week. Other yarn prices remained more stable, with better margins at the moment.

30s (65/35) PV yarn prices remained unchanged on the week at INR139 a kg (US$2.08 a kg) in Indore market.

In India, blended yarn prices have slightly increased in the week, in line with a rise of cotton prices and stable PSF and VSF numbers.

In Ludhiana, PC 30s (52/48) prices were up INR2 to INR148 a kg (US$2.21 a kg, up US cents 2).

In Pakistan too, blended yarn prices rolled over in domestic markets, but strong currency eroded numbers in US$ term.

24 PC (52/48) carded yarn prices were down US cents 2 a kg due to strong currency on the Faisalabad market while 30s were also down US cents 2 a kg.

Courtesy: Weekly PriceWatch Report