Spun yarn prices continued shed slightly in the week of 16 May in China, although fibre prices remained more or less stable. However, prices in Pakistan were seen rebounding as demand from overseas buyers was apparently recovering.
In China, cotton yarn markets continued to remain weak and spinners were largely running at lower rates, and some even switching over to use viscose/cotton blended yarn as a substitution. Downstream demand was unfavorable for 100% cotton yarn, leaving more bearish sentiment on the market outlook. In Xiaoshan market, 32s yarn made from a high proportion of high-quality cotton was offered at US$3.86-3.93 a kg.
In Pakistan, cotton yarn prices were seen increasing and offers were firm due a higher level of trading activities also on the domestic market. Export price for 30s combed yarn was at US$3.80 a kg, CNF Europe, up US cents 16 from a month ago.
Spun polyester yarn markets saw modest liquidity and offers remained flat with trading slightly rising. Polyester fibre prices too have stopped falling in China. In India and Pakistan, spun polyester markets remained lackluster as demand was hard to improve, both in domestic as well as overseas markets. In India, 30/1 polyester spun yarn was pegged at US$2.57 a kg while 20/1 was traded at US$2.42 a kg. In Pakistan, spun polyester 30s yarn was traded at US$2.69 a kg while 60s was pegged at US$3.80 a kg.
Spun viscose yarn markets were stable to weak and overall trading sentiment was subdued and larger discount were heard offered on firm transaction. Upstream, VSF prices were seen losing strength, thus easing cost support to spinners to some extent. In China, sirospun rayon 40s yarn was quoted US$3.15 a kg while in Zhejiang, sirospun rayon 30s yarn was offered at US$2.92 a kg, rolling over from last week. In India, 20/1 viscose yarn was traded at US$3.04 a kg, unchanged from previous week. Upstream VSF was traded at US$2.01-2.03 a kg in China and US$2.26-2.38 a kg in India.
Blended spun yarn prices were seen falling in a thinly traded week. In China, polyester-cotton and viscose blended spun yarn prices also declined while offers stayed flat to firm in Pakistan. In India, 30s 65/35 polyester-cotton yarn was priced at US$2.92 FOB. Polyester-viscose 30/1 65/35 was pegged at US$2.80 while 40/1 was at US$3.00 a kg. In China, 21s PC (65/35) was pegged at US$2.87 a kg while 32s were at US$2.96 per kg, both rolling over.
Courtesy : Daily Textile Prices Service and Weekly PriceWatch Report
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