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Spun yarn: trending stable to weak

Spun yarn: trending stable to weak Source:
Date: 12-03-2013
Visits: 243
Very Poor

Spun yarn markets remained week in key Asian markets of China, India and Pakistan. While cotton was dearer across region, PSF and VSF prices softened in China, while they held stable in the other two markets this week.

Overall 100% cotton yarn market sentiment rolled over, while trading volume of 32s was passable. In China, prices for yarns containing long-staple-cotton surged this week, while those for other specs were stable.

In Pakistan, cotton yarn prices further rose in domestic market on stronger demand and higher cotton prices. Sentiment was depressed in spun polyester yarn market in China as upstream PSF markets sustained the soft trend this week.
Spinners were reluctant to buy on falling prices, which pressed producers eager at panic-selling. Spun rayon yarn market in China saw disappointing selling activities, with prices for some regular specs down. Spun rayon yarn 30s was salable. Demand for blended spun yarn weakened, but saw marginal improvement and prices mostly remained unchanged and mills operated on slim margins. Polyester-viscose yarn of 40s/2 sold more, while its prices remained flat. Polyester-cotton yarn 90/10 and 80/20 stabilized, but trading volume was scarce.
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