In India, viscose yarn prices inched up a bit in the fourth week of June due to unchanged VSF cost and significant rise in export. 30s viscose spun yarn prices inched up INR1 a kg in Indore market.
In May, exports of viscose yarns from India jumped more than 80% year on year, both in terms of volume and value. FOB prices were also up 5% in the comparable months.
In Jiangsu, 40s compact sirospun yarn prices remained unchanged while 30s spun viscose in Xiaoshan was marginally down during the week. Viscose spun yarn performance was still subdued, with mute trading atmosphere in China. Prices for core?spun yarn were largely maintained, while regular specs were corrected downwards somewhat as cost pressure eased a bit with VSF markets showing signs of weakening amid falling offers.
In Pakistan, viscose yarn prices mostly rolled over, given the firmness in VSF pricing while demand was still poor. 35s and 40s viscose yarn prices were both down US cent 1 per pound due to weak currency.
Courtesy: Weekly PriceWatch Report
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