In the last week of August, viscose yarn prices were seen falling in India in Indore market, although VSF prices rolled over which were last revised up in early May. This implies poor demand both in domestic as well as export markets. 30s viscose spun yarn prices were down US cents 7 a kg in Indore market.
In China, compact siro-spun 40s yarn price in Jiangsu was up US cents 4 a kg on the week while rayon weaving yarn 30s in Xiaoshan was up US cents 2 a kg. In Pakistan, 30s and 40s viscose yarn prices rolled over in Karachi market.
Viscose spun yarn prices were ranged bound on sluggish sales in the last week of August, although viscose staple fibre markets continued to uptrend. Viscose makers had strong intentions to raise prices on the back of firming cost and expectation of production cutbacks. However, progress of production resumption in Xinjiang was a cause of concern.
Courtesy: Weekly PriceWatch Report
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