MUMBAI (Commoditiescontrol) – Spun yarn markets across Asia saw activity picking up in Pakistan as prices of viscose and cotton yarn firmed up. Meanwhile, cotton yarn producers were able to raise their offers due to a recovery in domestic demand and a rise of raw material costs. Cotton prices were on the rise as arrivals of new crop declined on local markets. Polyester spun prices also increased sharply, with 30s yarns jumping almost 9% in last four weeks due to rapidly surging PSF cost in the previous six weeks, although they stayed unchanged this week. Demand for viscose yarns was on a recovery on the domestic market in line with rising business activities. Prices rose in line with rising VSF cost since past 4-5 weeks.
Cotton yarn prices gained PakRs4 or US cents 9 with 10s carded at US$1.98 a kg and 30s carded at US$3.03 a kg. Polyester yarn prices too gained PakRe1 or US cents 3 with 30s spun at US$2.56 a kg and 60s at US$2.86 a kg. Viscose yarn prices were lifted PakRs3 or US cents 8 on the week with 35s at US$3.01 a kg and 40s at US$3.52 a kg in Karachi market.
In China, cotton yarn prices saw mild correction on the week with 32s and 21s yarn seeing sound trades and producers reporting 15-20 days’ worth of inventory. With the Lunar New Year holiday approaching, some spinning mills started to reduce run rates. Polyester yarn prices were stable in spite of poor enquiry and transaction. More producers shut down units with the holiday drawing near, and they lowered selling interest and demand lacked good news from downstream polyester market. Viscose spinning mills gradually stopped business for the upcoming festival, so overall trading atmosphere cooled down gradually. Market was nearly closed, seeing the mills mostly wrap up the business for the holidays. Some large‐size mills will also stop production gradually in the coming week.
In Shengze, 21s cotton yarn prices were at US$3.13-3.19 a kg, while 32s prices were at US$3.27-3.31 a kg, both up US cents 2 due to weak US$. Offers for 32s polyester yarn were stable at US$1.81-1.84 a kg up US cent 1, due to weak US$. In Qiangqing, 32s weaving yarn was offered flat at US$1.82-1.84 a kg. Offers for ring‐spun 30s weaving viscose yarn in Xiaoshan were flat at US$3.01 a kg while compact siro‐spun 40s yarn in Jiangsu was offered at US$3.56 a kg, up US cents 5.
In India, cotton yarn prices were relatively firm where the demonetization process continues disturbing market activities. Meanwhile, polyester yarn prices inched up as spinners reported fall in production and jump in inventory at the same time. Trading remained disturbed by the demonetization process. Viscose yarn trade was dismal and prices tended to roll over while cost remained firm.
In India, cotton yarn prices further inched up INR3 on the week with 30s carded yarn prices at INR181 a kg (US$2.65 a kg, up US cents 2) in Ludhiana while combed for knitting rolled over at INR197 a kg (US$2.88 a kg). Polyester yarn 30 knit yarn prices rolled over at INR132 a kg (US$1.95 a kg) in Ludhiana market. 30s viscose spun knitting yarn prices were flat in Indore market at INR177 a kg (US$2.60 a kg).
(By Commoditiescontrol Bureau; +91-22-40015522)
0 Comments 
Post Comment 
