In China, offers for ring?spun 30s weaving yarn in Xiaoshan fell US cents 7 a kg in the first week of April, while compact siro?spun 40s yarn in Jiangsu declined US cents 5 a kg on the week.
Viscose spun yarn prices trended south rapidly in China as the decline in VSF prices accelerated that week. Discussions for ring?spun 30s and siro?spun 40s yarn generally fell. Due to a long period of slow liquidity and tight funds, some yarn makers offloaded goods aggressively, leading to a mixed atmosphere in the market.
In Pakistan, viscose yarn was cheaper on the Karachi market following the retreat in VSF prices back to four-week ago levels. Demand has been slow for viscose yarn as downstream processors were anticipating lower prices in the coming weeks. Viscose yarn prices declined on the week with 35s down PakRs3 per pound (down US cents 6) while 40s were down PaksRs2 a pound (down US cents 2) in Karachi market.
In India, although VSF prices have stayed put while viscose yarn prices moved down to neutralize the impact of INR appreciating in recent weeks. 30s viscose spun knitting yarn prices fell INR3 a kg (down US cents 4 on the week).
Courtesy: Weekly PriceWatch Report
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