Spun yarn prices weak in March, blame fibre market?

YarnsandFibers News Bureau 2015-04-09 10:43:00 – Mumbai

Cotton yarn markets were in weak corrections during March 2015, seeing prices for low/medium-end yarn in downswing. In China, overall demand was deemed limited, and sellers faced poor margins with traders making cautious decisions. In Pakistan, cotton yarn prices remained flat on the export market, due to a lack of demand, which was apparently weakening in Far East and Europe, since buyers were expecting lower pricing in the coming months and postponing new orders. Indian cotton yarn prices slightly declined after a short-lived attempt by spinners to raise offers in the first week of March.

The fall in cotton yarn prices reflected the subdued cotton markets in March. The US cotton Futures on the ICE recorded the biggest weekly loss since November in the second week of the month as strong US$ reinforced worries about demand. The front-month May cotton contract on ICE closed the month down US cents 1.23 while Cotlook A index was down US cents 1.56. In China, the Cotton Index, after few weeks of gains, was up 0.10%. In Pakistan, the official spot rate was pegged up 4% for March 2015.

In China, 32s cotton yarn in Shengze market was at US$3.36-3.42 a kg, while 21s were at US$3.27-3.34 a kg, both rolling over from February. In Changyi, 40s yarn and 40s dyed yarn were offered at US$3.68-3.75 a kg and US$3.93-3.99 a kg, respectively. In India, 30s combed for knitting was at US$2.93 a kg, up US cents 7 on the Ludhiana market and carded at US$2.61 a kg, up US cents 7). In Pakistan, 30s carded was priced at US$2.86 a kg while combed was pegged at US$3.20 a kg.

Spun polyester yarn markets saw limited trading and prices stable to weak in March. In China, spinners gradually returned to normal production, but demand was still below satisfaction. In India, prices were seen rising, reflecting the recent hike in polyester fibre prices. Offers remained relatively unchanged in Pakistan, and suppliers were ready to sell low due to some financial issue. Mainstream offers for 32s in Shengze were pegged at US$1.86 a kg and 45s at US$2.00 a kg, both down US cents 2 on the month. In India, 30 yarns for knitting were pegged at US$2.21 a kg, up US cent 1, in Ludhiana market. In Pakistan, 30s spun polyester was pegged at US$2.07 a kg, down US cents 7 from February.

Spun rayon yarn prices inched up in China amid smooth liquidity. With this, overall prices for March edged up and the markets staged a strong performance as orders increased significantly. In India, viscose yarn prices were mixed reflecting the stagnation in viscose fibre prices. In China, offers for 30s weaving yarn were at US$2.57-2.60 a kg, up US cents 1-2 from February. 30s in India was traded flat at US$2.92 a kg in Indore market while the same in Pakistan was pegged at US$2.65 a kg and 40s at US$3.42 a kg.

Courtesy: YnFx Weekly PriceWatch Report

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