MUMBAI (Commoditiescontrol) – Viscose staple fibre (VSF) markets saw supply tightened with more maintenance seen in China, especially in northern region in the week of 16 December. Meanwhile, downstream converters made required replenishments, leading to warmer trading atmosphere during the week. And this supported offers to climb. Run rate fell a bit due to environmental issues in some region this week. Offers for medium‐end VSF rose US cents 5 to US$2.22-2.24 a kg while high-end VSF were not lower than US$2.23 kg, up US cents 3.
In Pakistan, VSF prices stayed firm for the fourth week in a row supported by stable import pricing. In India, VSF prices also rolled over supported by firmness in viscose yarn markets. 1.5D VSF prices in Pakistan were at US$2.24-2.27 a kg in Karachi market. In India, prices remained unchanged at US$2.12-2.23 a kg.
Viscose spun yarn markets trended up in China, in line with the general trend in viscose market. Hereinto, offers for ring‐spun 30s yarn mostly ascended in Yuan terms but weak currency pegged prices stable in US$ terms while siro‐spun 40s yarn increased in both terms. Core‐spun yarn market north of Jiangsu turned dim. Offers for ring‐spun 30s yarn rolled over at US$2.83-2.86 a kg, while compact siro‐spun 40s yarn was flat at US$3.29 a kg.
In Pakistan, viscose spun yarn markets were relatively slow in the week while Indian markets were strongly supported by export orders. In November, exports recorded 50% YoY increase, but from a low base. In Pakistan, 35s viscose yarn prices remained unchanged on the week at US$2.93 a kg and 40s at US$3.42 a kg in Karachi market, both up US cent 1 on the week. In India, 30s knitting yarn prices rolled over in Indore market at US$2.63 a kg.
(By Commoditiescontrol Bureau; +91-22-40015522)