MUMBAI (Commoditiescontrol) – Spun yarn prices have risen in the last couple of days in China, over a rebound of polyester and viscose fibre prices over the week. 100% polyester yarns have gained 3.2% in a single week with PSF prices remaining at their significantly higher levels. Thus, margins have apparently been restored at spinning mills.
In Zhejiang, 100% polyester yarns have risen 2.1% to 3.7% in a single week. Viscose spun prices have also climbed 1.8% whereas VSF has risen 3.8%. Margins have therefore declined at viscose spinning mills but yarn prices could further increase in the coming days.
Cotton yarn prices held stable amid lukewarm sales. Conventional 32s and 40s saw sound trades, with producers reporting 10-15 days’ worth of inventory. Liquidity for rotor-spun yarn was relatively good, seeing prices slightly edging up. In Zhejiang, a seller offered its OE 16s yarn were at 17.50 Yuan a kg (US$2.52 a kg). With year-end approaching, most spinning mills were keen to push volumes out.
On the yarn import market, prices have continued slightly declining in US$ terms with the fall of the Yuan resulting in higher prices in yuan terms. 32s cotton yarn of India origin were traded at US$2.64 a kg while the same from Vietnam were at US$2.72 a kg. Yarn from Indonesia were costlier at US$2.75 a kg.
Given rising cost pressure from new domestic cotton, yarn prices may see minor increases in coming days.
(By Commoditiescontrol Bureau; +91-22-40015522)
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