MUMBAI (Commoditiescontrol) – Blended yarn markets were mixed in Asian market I the week of December 9, as some spec prices inched up while others rolled over in China, India and Pakistan. In China, blended yarn producers were not able to raise prices in line with the higher material costs, implying shrinking margins. PSF prices have jumped to higher levels while VSF in contrast, are returning to lower levels after a short-lived attempt to raise prices. In Qianqing, PC (65/35) 32s yarn prices rolled over at US$2.485 a kg while 45s PC combed yarn were stable at US$3.30 a kg.
In Pakistan, PC yarns prices have risen for specific counts although market activities remained weak due to lower level of fabric sales on the Faisalabad. Prices have also not been raised on the export market, due to a weaker activity. 20s PC (52/48) carded yarn prices regained PakRe1 to PakRs102 per pound US$2.16 a kg, up US cent 1) on the Faisalabad market while 30s were flat at PakRs118 per pound (US$2.50 a kg, down US cent 1). PV 30s yarn prices were steady at PakRs124 per pound (US$2.63 a kg), although PSF prices gained while VSF remained flat for third successive week.
In India, PC and PV yarn prices stayed stable, as domestic markets continued suffering from the demonetisation policy. Trading activity was shunted by lack of currency, and whatever trade done was on banking system. 30s (65/35) PV warp yarns prices rolled over at INR145 a kg (US$2.13 a kg) in Indore market while PC 30s (52/48) prices in Ludhiana were at INR156 a kg (US$2.28 a kg).
(By Commoditiescontrol Bureau; +91-22-40015522)
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