Spun viscose yarn prices weakened in week two of June in China and India as upstream viscose fibre cost moderated slightly. In China, medium-end VSF price was down US cents 2 to US$2.04-2.06 a kg while high-end fibres were in the range US$2.08-2.09 a kg).
In India, VSF producers’ prices were stable at US$2.20-2.31 a kg and no hike was proposed yet for June. Spinners reportedly had low inventory of raw material and are likely to replenish gradually in coming week but in low volumes seeing demand for yarn still rigid and no signs of improvement in near future.
In Jiangsu, compact siro-spun 40s yarn was traded down at 20.55 Yuan a kg (US$3.36 a kg, down US cents 6 on the week) while spun rayon weaving yarn 30s in Xiaoshan rolled over at 16.80 Yuan a kg (US$2.75 a kg).
In Pakistan, 30s viscose yarn was pegged at US$2.64 a kg and 40s at US$3.49 a kg in Karachi market. In India, 30s viscose spun prices were down INR1 at INR184 a kg (US$2.87 a kg, down US cents 3) in Indore market.
For more details see: Weekly PriceWatch Report
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