The prices of pure cotton yarn, polyester/cotton yarn and rayon yarn slipped further in Hebei, Shandong and Henan provinces of China.
The last few days saw a decline in spot price of cotton yarn owing to bearish market outlook. The downstream weaving factories and distributors are purchasing cotton yarn in small quantities and the prices of yarn were dropped by mills to win the limited market.
Currently, the mainstream price of cotton yarn C32s is 26,500 yuan/ton or lower, while the price for higher qualities is about 27,500 yuan/ton.
Similarly, the price of polyester/cotton yarn continued to slip further due to poor transactions in the market. Currently, T63/C35 yarn 32s is being sold at 20,000-20,500 yuan/ton.
As for rayon yarn market, the whole industry chain is in a sharp decline. Several manufacturers are holding large inventory of rayon yarn and hence are selling products at a substantially reduced price. The turnover still remains unsatisfactory. Currently, the market price of R30s is 21,000-21,500 yuan/ton, while the lower promotional price is at 20,500-21,000 yuan/ton.
Fibre2fashion News Desk - China
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