Viscose yarn price sinks as raw material price weakens

YarnsandFibers News Bureau 2015-11-23 09:25:45 –

In China, mainstream prices of 40s compact siro-spun yarn in Jiangsu were down US cents 2 a kg from in the second week of November while 30s spun viscose in Xiaoshan fell US cent 1 a kg.

Spun viscose yarn prices weakened in China that week reflecting the past week’s moderation in VSF prices.

Market prices for ring-spun 30s yarn were down while siro-spun yarn were stable to weak.

Cashmere-type yarns enjoyed good profit margins, with prices on the uptrend. Seeing inventory building up, yarn makers were under increased liquidity pressure.

In India, viscose yarn prices regained previous week’s loss as domestic demand was slightly picking up while VSF prices held stable at firm level, providing support to yarn makers.

30s viscose spun yarn prices were down US cent 1 a kg, due to weak INR in Indore market.

Viscose yarn prices generally rolled over in Pakistan.

Courtesy: Weekly PriceWatch Report

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